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ALCO STANDARD ANNOUNCES PROPOSED COMMON STOCK OFFERING OF 5 MILLION SHARES

 VALLEY FORGE, Pa., Nov. 12 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) today announced a proposed public offering of 5 million common shares, of which 4 million shares are being offered in the United States and 1 million shares are being offered in a concurrent international offering.
 Lehman Brothers, Goldman, Sachs & Co., Merrill Lynch & Co., and Morgan Stanley & Co. Inc. are co-managing the offering in the United States. The respective international affiliates of those firms are co-managing the international offering. Alco has granted the underwriters an option for 30 days to purchase up to an additional 750,000 shares.
 Proceeds from the sale of the shares will be used to repay debt and for general corporate purposes.
 Alco Standard Corporation, headquartered in Valley Forge, is a publicly held distribution and services company. For its fiscal year ended Sept. 30, 1993, revenues were $6.5 billion.
 /delval/
 -0- 11/12/93
 /CONTACT: Martha A. Buckley, director, investor relations of Alco Standard, 215-296-8000/
 (ASN)


CO: Alco Standard Corporation ST: Pennsylvania IN: PAP SU: OFR

MK-JM -- PH010 -- 3671 11/12/93 11:59 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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