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EASTMAN CORP. ANNOUNCES FILING OF REGISTRATION STATEMENT

 EASTMAN CORP. ANNOUNCES FILING OF REGISTRATION STATEMENT
 SIGNAL HILL, Calif., April 21 /PRNewswire/ -- Eastman Corp., a major


office products distribution company, announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of its shares. The registration statement has not yet become effective. It is currently anticipated that the offering will be declared effective in mid-May.
 The initial public offering covers 10,300,000 shares of common stock, all of which are currently owned by the selling stockholders described below and up to 1,545,000 shares that may be sold by the company to the underwriters solely to cover over-allotments, if any. The anticipated price range of the shares is between $16.50 and $18 per share.
 The company is currently owned by two Australian companies, David Jones Ltd. and Petersville Sleigh Ltd. (the "selling stockholders"), who will be selling 100 percent of their shares. The company will not receive any proceeds from the shares sold by the selling stockholders.
 The public offering will be effected through a group of underwriters managed by Dean Witter Reynolds Inc. and William Blair & Co. Copies of prospectuses may be obtained from Dean Witter Reynolds Inc., 601 S. Figueroa St., Los Angeles, CA 90017; Attention: Peter K. Poli, vice president, 213-362-4200.
 -0- 4/21/92
 /NOTE: The 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 the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the laws of any such state./
 /CONTACT: Ruben D. Recio of Eastman, 310-490-1000; or Cecilia A. Wilkinson or Roger S. Pondel of Pondel Parsons & Wilkinson, 310-207-9300, for Eastman/ CO: Eastman Corp. ST: California IN: SU: OFR


DM-EH -- LA014 -- 0626 04/21/92 12:05 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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