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POLAROID OFFERS ODD-LOT SHARE REPURCHASE

 POLAROID OFFERS ODD-LOT SHARE REPURCHASE
 CAMBRIDGE, Mass., Aug. 10 /PRNewswire/ -- Polaroid Corporation


(NYSE: PRD) announced today that it is offering to purchase shares of its common stock from shareholders who, as of July 21, 1992, owned less than 100 shares. The offer allows eligible shareholders to sell all, but not less than all, of their eligible shares without being charged any brokerage commission.
 Polaroid will pay a price per share equal to the highest closing price for Polaroid common stock as reported in the New York Stock Exchange Composite Transactions published in the Wall Street Journal for all trading days from Aug. 10, 1992 through Sept. 14, 1992, inclusive.
 Polaroid is making the offer to provide registered odd-lot shareholders the opportunity to sell all of their holdings without any incurring brokerage costs. The company is seeking to reduce its administrative costs associated with servicing these shareholder accounts.
 The shares purchased under this program will be acquired as part of Polaroid's existing $150 million stock repurchase program and will be held by Polaroid as treasury stock.
 The manager of the offer, Shareholder Communications Corporation, and Polaroid make no recommendation as to whether or not shareholders should participate. The offer is scheduled to expire Sept. 14, 1992, at 5 p.m., New York City time. Shareholders who request information should contact Shareholder Communications Corporation directly at 1-800-733-1665.
 -0- 8/10/92
 /CONTACT: Michael J. Spataro, 617-577-2455, or Mary T. Conway, 617-577-3124, of Polaroid/
 (PRD) CO: Polaroid Corporation; Shareholder Communications Corporation ST: Massachusetts IN: HOU REA SU:


CH -- NE008 -- 8498 08/10/92 11:58 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
Words:263
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