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ASTEC INDUSTRIES FILES REGISTRATION STATEMENT RELATED TO 1,200,000 SHARE OFFERING

 CHATTANOOGA, Tenn., May 3 /PRNewswire/ -- J. Don Brock, president of Astec Industries, Inc. (NASDAQ-NMS: ASTE) today announced the filing of a registration statement with the Securities and Exchange Commission relating to a public offering of 1,200,000 shares of common stock.
 Of the shares to be offered, 900,000 shares are to be sold by the company and 300,000 shares are to be sold by certain selling shareholders.
 The net proceeds to the company from the sale will be used primarily to pay a portion of the company's outstanding indebtedness and for general corporate purposes. The underwriting will be managed by Raymond James & Associates, Inc.
 Astec Industries, Inc., a manufacturer of asphalt mixing plants, paving equipment, heat transfer equipment, aggregate crushing equipment, excavating and trenching equipment, asphalt recycling equipment and soil remediation equipment, is traded over-the-counter and is reported on the NASDAQ National Market System under the symbol ASTE.
 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 sales of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such state.
 -0- 5/3/93
 /CONTACT: Albert E. Guth, senior vice president of Astec Industries, 615-867-4210/
 (ASTE)


CO: Astec Industries, Inc. ST: Tennessee IN: SU: OFR

BN-BR -- AT018 -- 3757 05/03/93 11:41 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:283
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