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NALCO COMMON STOCK REPURCHASE

 NAPERVILLE, Ill., Aug. 26 /PRNewswire/ -- Nalco Chemical Company (NYSE: NLC) day that the directors authorized the repurchase of 2 million shares of Nalco common stock. Management believes that Nalco's stock is attractive at current market prices, and this repurchase will improve shareholders' return on equity. This is the company's third repurchase program in the past five years.
 The shares may be purchased from time to time in the open market, through block or privately negotiated transactions, or otherwise. Upon completion of this transaction, Nalco will have repurchased approximately 12.7 million shares of common stock since the beginning of 1989. This includes about 8 million shares repurchased in conjunction with the establishment of Nalco's ESOP in 1989.
 As of June 30, 1993, the company had about 69 million shares of common stock outstanding as well as more than 400,000 shares of Series B ESOP convertible preferred stock.
 -0- 8/26/93
 /CONTACT: Paul Cholette, 708-305-1147, or Charles Goding, 708-305-1276, both of Nalco Chemical Company/
 (NLC)


CO: Nalco Chemical Company ST: Illinois IN: CHM SU:

SM -- NY057 -- 6223 08/26/93 14:05 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
Words:184
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