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BAKER FILES REGISTRATION STATEMENT FOR COMMON STOCK OFFERING

 BAKER FILES REGISTRATION STATEMENT FOR COMMON STOCK OFFERING
 BEAVER, Pa., Aug. 21 /PRNewswire/ -- Michael Baker Corp. (AMEX: BKR) has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 2 million shares of common stock by the company and 100,000 shares of common stock by a selling shareholder.
 "We plan to use the proceeds from the offering to retire debt and to finance the future growth of the company," said William G. Thomas, president and chief executive officer.
 PaineWebber Incorporated, Kidder, Peabody Co. Incorporated and Legg Mason Wood Walker, Incorporated are managing underwriters for the offering. Baker and the selling shareholder expect to grant the underwriters a 30-day option to purchase 315,000 additional shares. Baker currently has approximately 6 million shares outstanding.
 The registration statement has not yet become effective, so the new stock may not be sold, nor may offers to buy the new stock be accepted prior to the date the registration statement is effective. Copies of the preliminary prospectus can be obtained from the PaineWebber Prospectus Department, 1000 Harbor Blvd., Weehawken, NJ, 07087.
 Michael Baker Corp. subsidiaries provide engineering, construction and operations and maintenance services worldwide.
 -0- 8/21/92
 /CONTACT: Tim Wesley of Michael Baker Corp., 412-495-7711/
 (BKR) CO: Michael Baker Corp. ST: Pennsylvania IN: CST SU: OFR


SM -- PG007 -- 2229 08/21/92 15:24 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
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