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CROMPTON & KNOWLES COMPLETES 5.2 MILLION SHARE OFFERING

 STAMFORD, Conn., Dec. 22 /PRNewswire/ -- Crompton & Knowles Corporation (NYSE: CNK) today announced the completion of a public offering of 5.2 million shares of common stock at $20.50 per share. Approximately three million of the shares sold represented a secondary offering from an estate and a private trust. The remaining 2.2 million shares represented common stock sold by the company.
 The net proceeds of approximately $44 million from the company's offering were used to repay corporate debt.
 The offering was underwritten by a group of underwriters led by Salomon Brothers Inc. Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated co-managed the offering.
 Crompton & Knowles is a producer and marketer of specialty chemicals and equipment.
 -0- 12/22/92
 /CONTACT: Yanis Bibelnieks of Bibelnieks Associates, Inc., 212-949-2295, for Crompton & Knowles/
 (CNK)


CO: Crompton & Knowles Corporation ST: Connecticut IN: CHM SU: OFR

AH -- NY049 -- 9326 12/22/92 17:45 EST
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Publication:PR Newswire
Date:Dec 22, 1992
Words:151
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