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CARTER HAWLEY HALE FILES OFFERING OF10 MILLION SHARES OF COMMON SHARES

 LOS ANGELES, May 14 /PRNewswire/ -- Carter Hawley Hale Stores Inc. (NYSE: CHH) today filed with the Securities and Exchange Commission a registration statement relating to the proposed public offering of 10 million shares of newly issued common stock. All shares of common stock are being offered by the company.
 The planned offering, which will be made only by prospectus, will include 8 million shares to be offered in the United States and Canada and 2 million shares to be offered outside of the United States and Canada. The company has granted the underwriters an option for 30 days to purchase an additional 1.5 million shares to cover over-allotments. Salomon Brothers Inc. will lead-manage and Merrill Lynch & Co., Smith Barney, Harris Upham & Co. and W.I.G. Securities will co-manage the offering.
 The proceeds of the offering, all of which will go to Carter Hawley Hale, will be used to reduce short-term borrowings and accelerate its store modernization program. The company is one of the leading operators of department stores in California and the southwestern United States with annual sales in excess of $2.1 billion. It operates 83 stores under the names of The Broadway, Emporium and Weinstocks, with approximately 90 percent of CHH's sales coming from stores in California.
 NOTE: 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 such registration or qualification under the securities laws of any such state. The company does not anticipate printing and distributing written prospectuses at this time. When available, copies of the written prospectus can be obtained from Salomon Brothers Inc., Merrill Lynch & Co., Smith Barney, Harris Upham & Co., W.I.G. Securities, or Bill Dombrowski at the company, 3880 N. Mission Road, Los Angeles, CA 90031; 213-227-3884.
 -0- 5/14/93
 /CONTACT: Bill Dombrowski, VP-Public Affairs of Carter Hawley Hale, 213-227-3884/
 (CHH)


CO: Carter Hawley Hale Inc. ST: California IN: REA SU: OFR

JL -- LA029 -- 8848 05/14/93 17:41 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:399
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