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CONSOLIDATED NATURAL GAS OFFERS 4 MILLION SHARES

 CONSOLIDATED NATURAL GAS OFFERS 4 MILLION SHARES
 PITTSBURGH, Aug. 26 /PRNewswire/ -- Consolidated Natural Gas Company


(NYSE: CNG) announced today the public offering of 4 million shares of common stock at $43.50 a share in simultaneous United States and international offerings.
 The First Boston Corporation and Salomon Brothers Inc are the managers of the U.S. syndicate offering of 3.6 million shares, and Credit Suisse First Boston Limited and Salomon Brothers International Limited are the lead managers of the international offering of 400,000 shares. The company has granted the underwriters and managers an option to purchase up to an additional 600,000 shares to cover over-allotments, if any.
 Net proceeds to the company from the sale of common stock will be added to the treasury funds of the company and subsequently used to finance capital expenditures.
 Consolidated is one of the nation's largest producers, transporters and distributors of natural gas. Its primary marketing areas for natural gas are in Ohio, Pennsylvania, West Virginia, Virginia, New York and other states in the Northeast. The company explores for and produces gas and oil throughout the United States and in Canada.
 -0- 8/26/92
 /CONTACT: Gary Pastorius of Consolidated Natural Gas, 412-227-1361/
 (CNG) CO: Consolidated Natural Gas ST: Pennsylvania IN: OIL SU: OFR


TS -- NY011 -- 3331 08/26/92 09:07 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:222
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