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KAISER ALUMINUM & CHEMICAL EXTENDS TENDER OFFER AND CONSENT SOLICITATION

 HOUSTON, Dec. 21 /PRNewswire/ -- Kaiser Aluminum & Chemical Corp. (KACC), the operating subsidiary of Kaiser Aluminum Corp. (KAC) (NYSE: KLU), announced today that it has extended to Dec. 31, 1992, from Dec. 22, 1992, the expiration date of the tender offer for its outstanding 14-1/4-percent Senior Subordinated Notes Due 1995.
 KACC also announced that it has extended to Dec. 31 from Dec. 22 the expiration date and consent date of the related consent solicitation to amend certain terms of the 14-1/4-percent Notes.
 As previously announced, KACC also intends to further extend the tender offer to expire no earlier than 10 business days from the consent date.
 The dealer managers for the tender offer and solicitation are Merrill Lynch & Co., The First Boston Corp. and PaineWebber Inc.
 KACC is one of the world's leading producers of alumina, primary aluminum and fabricated aluminum products. It is a subsidiary of KAC. MAXXAM Inc. (AMEX: MXM) owns 87.3 percent of the common stock of KAC.
 -0- 12/21/92
 /CONTACT: Scott Lamb of Kaiser Aluminum, 713-267-3826/
 (KLU MXM)


CO: Kaiser Aluminum & Chemical Corp.; Kaiser Aluminum Corp.;
 MAXXAM Inc. ST: California IN: MNG SU: OFR


GT -- SF006 -- 0202 12/21/92 17:00 EST
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Publication:PR Newswire
Date:Dec 21, 1992
Words:201
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