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MASCOTECH, INC. SELLS $300 MILLION OF CONVERTIBLE SUBORDINATED DEBENTURES

 TAYLOR, Mich., Jan. 14 /PRNewswire/ -- MascoTech, Inc. (NYSE: MSX) has sold through underwriters $300 million of 4 1/2% Convertible Subordinated Debentures due December 15, 2003. The Debentures were priced at par and are convertible into common stock at $31.00 per share. The offering was managed by Smith Barney Shearson Inc., PaineWebber Incorporated, Prudential Securities Incorporated and Salomon Brothers Inc., who will provide copies of the related Prospectus Supplement upon request.
 The Company expects to use the net proceeds of the offering to pay down existing debt, including the 10.25% Senior Subordinated Notes due 1997 which have been called for redemption on February 1, 1994.
 MascoTech manufactures transportation-related and other commercial and specialty products.
 -0- 1/14/94
 /CONTACT: Kenneth J. Zak, manager - Investor Relations of MascoTech, 313-274-7400, Ext. 6386/
 (MSX)


CO: MascoTech, Inc. ST: Michigan IN: SU: OFR

SM -- DE018 -- 1216 01/14/94 12:55 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:150
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