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INTERMET ANNOUNCES FILING OF REGISTRATION STATEMENT RELATING TO THE PUBLIC OFFERING OF 4,265,000 SHARES OF COMMON STOCK

 INTERMET ANNOUNCES FILING OF REGISTRATION STATEMENT RELATING
 TO THE PUBLIC OFFERING OF 4,265,000 SHARES OF COMMON STOCK
 ATLANTA, June 3 /PRNewswire/ -- Intermet Corporation (NASDAQ-NMS: INMT) today filed with the Securities and Exchange Commission a registration statement for the public offering of 4,265,000 shares of its common stock, of which 3 million shares are being offered by the company and 1,265,000 shares are being offered by The Prudential Insurance Company of America. The company has also granted the underwriters an option to purchase up to 639,750 additional shares to cover over-allotments, if any.
 The net proceeds of the offering will be used by the company to expand and enhance its foundries and for general corporate purposes.
 Atlanta-based Intermet Corporation and its subsidiaries manufacture precision iron parts for automotive and industrial customers primarily in North America and Europe.
 Donaldson, Lufkin and Jenrette Securities Corporation, Interstate/Johnson Lane Corporation and The Robinson-Humphrey Company Inc. will manage the underwriting syndicate.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the prospectus may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, N.Y. 10005, attention: Syndicate Department, 212-504-3000; Interstate/Johnson Lane Corporation, Resurgens Plaza, 945 East Paces Ferry Road, Atlanta, Ga. 30326, attention: Syndicate Department, 404-240-5000; and The Robinson- Humphrey Company, Inc. 3333 Peachtree Road, N.E., Atlanta, Ga. 30336, attention: Syndicate Department, 404-266-6450.
 -0- 6/2/92
 /CONTACT: John D. Ernst, chief financial officer of Intermet, 404-431-6000, or Desmond Towey or Bernadette McLaughlin of Desmond Towey & Associates, 212-888-7600, or Ken Paneral, CFA, 708-729-8521, all for Intermet/
 (INMT) CO: Intermet Corporation ST: Georgia IN: AUT SU:


TS-SB -- NY017 -- 6537 06/03/92 09:56 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
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