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BAKER COMPLETES SALE OF 2.1 MILLION SHARES OF COMMON STOCK

 BAKER COMPLETES SALE OF 2.1 MILLION SHARES OF COMMON STOCK
 BEAVER, Pa., Sept. 24 /PRNewswire/ -- Michael Baker Corp. (AMEX: BKR) has completed the sale of 2 million shares of common stock by the company and 100,000 shares of common stock by a selling shareholder at $11.875 per share.
 The underwriters, Paine Webber Incorporated; Kidder, Peabody Co. Incorporated; and Legg Mason Wood Walker, Incorporated, have a 30-day option to purchase an additional 300,000 shares from Baker and 15,000 shares from the selling shareholder.
 "We plan to use the proceeds from the sale to retire debt and to finance the future growth of the company," said William G. Thomas, president and chief executive officer.
 Michael Baker Corp. subsidiaries provide engineering, construction, and operations and maintenance services worldwide.
 -0- 9/24/92
 /CONTACT: Tim Wesley of Michael Baker Corp., 412-495-7711/
 (BKR) CO: Michael Baker Corp. ST: Pennsylvania IN: CON SU:


JT-CD -- PG013 -- 3200 09/24/92 14:55 EDT
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Publication:PR Newswire
Date:Sep 24, 1992
Words:161
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