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ALCATEL ALSTHOM FILES 10 MILLION AMERICAN DEPOSITARY SHARES

 ALCATEL ALSTHOM FILES 10 MILLION AMERICAN DEPOSITARY SHARES
 NEW YORK, April 13 /PRNewswire/ -- Alcatel Alsthom today announced that it filed a registration statement with the Securities and Exchange Commission relating to the public offering of 10 million American Depositary Shares, each representing one-fifth of an Alcatel Alsthom Share. The two million shares, represented by the American Depositary Shares, are currently outstanding and are being sold by Compagnie Immobiliere Meridionale, an indirect, wholly owned French subsidiary of Alcatel Alsthom. The American Depositary Shares are evidenced by American Depositary Receipts.
 The offering will be underwritten by a group of underwriters managed by Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co. and Merrill Lynch & Co. Alcatel Alsthom stated that the underwriters will have an option to acquire from Compagnie Immobiliere Meridionale up to 1.5 million additional American Depositary Shares to cover any over- allotments.
 Alcatel Alsthom expects to use the net proceeds from the sale of the American Depositary Shares for general corporate purposes, which may include, among other things, capital expenditures, acquisitions and the repayment of indebtedness.
 On April 10, 1992, application was made to list the American Depositary Shares on the New York Stock Exchange.
 Alcatel Alsthom, a French company headquartered in Paris, is a world leader in providing equipment and systems for the telecommunications, energy and railway transportation sectors. On the basis of market capitalization, Alcatel Alsthom is the second largest French company listed on the Paris Bourse.
 The offering of American Depositary Shares will be made only by means of a written prospectus meeting the requirements of the United States Securities Act of 1933, which may be obtained from Morgan Stanley & Co. Incorporated, 1251 Avenue of the Americas, New York, N.Y. 10020, Attention: Syndicate Operations.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/13/92
 /CONTACT: Daniel Geistodt-Kiener, 011-331-4076-1267, or Marc Villemain, 011-331-4076-1004, both of Alcatel Alsthom/ CO: Alcatel Alsthom ST: IN: TLS SU: OFR


SH -- NY043 -- 7725 04/13/92 11:42 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
Words:417
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