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GEON ANNOUNCES COMPLETION OF STOCK SALE BY GOODRICH

 CLEVELAND, Dec. 1 /PRNewswire/ -- The Geon Company (NYSE: GON) announced today the completion of the previously announced sale of 12,900,000 shares of Geon common stock by The BFGoodrich Company (NYSE: GR), Geon's former parent firm. The sale representing BFGoodrich's remaining interest in Geon was made at an initial public offering price of $20.00 per share.
 In addition, The Geon Company announced that Goldman Sachs, underwriter for this offer, has exercised an option to purchase 1,290,000 shares from the company to cover over allotments. These shares were also sold to the public for $20.00 per share. The proceeds from the underwriter over allotment shares will be used to reduce outstanding borrowings under the company's credit agreement and for general corporate purposes.
 The Geon Company is a leading North American producer of polyvinyl chloride (PVC) resins and compounds, which are used in a wide variety of applications, including household appliances, business machines and construction products. The company had sales of $894 million in 1992. It was a division of The BFGoodrich Company before becoming a public company in April of this year.
 -0- 12/1/93
 /CONTACT: Tom Waltermire (investors), 216-447-6464, or Dennis Cocco (media), 216-447-6538/
 (GON GR)


CO: The Geon Company; The BFGoodrich Company ST: Ohio IN: CHM SU: OFR

AR -- CL012 -- 9325 12/01/93 13:17 EST
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Publication:PR Newswire
Date:Dec 1, 1993
Words:224
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