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CARTER HAWLEY HALE PUBLIC OFFERING DECLARED EFFECTIVE

 LOS ANGELES, July 1 /PRNewswire/ -- Carter Hawley Hale Stores, Inc. (NYSE: CHH) today announced that the registration statement relating to the company's public offering of 10 million shares of its common stock, all of which are being issued and sold by the company, was declared effective yesterday by the Securities and Exchange Commission. The offering is expected to close on Friday, July 9, 1993.
 The shares will be sold to the public for $13.75 per share. The offering, which is being made only by prospectus, includes 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 1,500,000 shares to cover over-allotments. Salomon Brothers Inc is lead-managing and Merrill Lynch & Co., Smith Barney, Harris Upham & Co., and Genesis Merchant Group Securities are co- managing the offering.
 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.
 Copies of the written prospectus can be obtained from Salomon Brothers Inc, Merrill Lynch & Co., Smith Barney, Harris Upham & Co., Genesis Merchant Group Securities or Marc E. Bercoon at the company, 3800 North Mission Road, Los Angeles, Calif. 90031, 213-227-2000.
 -0- 7/1/93
 /CONTACT: Bill Dombrowski, vice president, public affairs of Carter Hawley Hale Stores, Inc., 213-227-3884/
 (CHH)


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

LR-OS -- NY019 -- 7581 07/01/93 09:39 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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