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NALCO REPURCHASES COMMON STOCK

 NALCO REPURCHASES COMMON STOCK
 NAPERVILLE, Ill., Nov. 3 /PRNewswire/ -- Nalco Chemical Company


(NYSE: NLC) today announced that it will begin a stock repurchase program of its common stock.
 The company is acting on a 1990 authorization to repurchase one million shares of Nalco common stock which, as a result of the 1991 stock split, now represent 2 million shares.
 The shares may be purchased from time to time in the open market through block or privately negotiated transactions, or otherwise.
 The company has approximately 70.2 million shares of common stock outstanding as well as approximately 412,000 shares of Series B ESOP convertible preferred stock, each of which is convertible into 20 shares of common stock.
 -0- 11/3/92
 /CONTACT: Paul Cholette of Nalco Chemical Company, 708-305-1147/
 (NLC) CO: Nalco Chemical Company ST: Illinois IN: CHM SU:


TS -- NY023 -- 1993 11/03/92 10:41 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 3, 1992
Words:148
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