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SECURITIES AND EXCHANGE COMMISSION DECLARES 'EFFECTIVE' PRAXAIR'S FORM 10 INFORMATION STATEMENT

 SECURITIES AND EXCHANGE COMMISSION DECLARES 'EFFECTIVE'
 PRAXAIR'S FORM 10 INFORMATION STATEMENT
 DANBURY, Conn., June 12 /PRNewswire/ -- Union Carbide Corporation (UCC) (NYSE: UK) today said that the Securities and Exchange Commission (SEC) has declared "effective" the Form 10 information statement filed by Praxair, Inc., the new name of UCC's industrial gases business. Union Carbide said it was notified of the SEC's action shortly after its announcement earlier today that UCC's board of directors had formally approved the distribution to its shareholders of all the stock of Praxair.
 This action by the SEC permits the distribution of the Praxair information statement to shareholders. As previously reported, it is contemplated that the New York Stock Exchange will admit Praxair for trading on a "when-issued" basis on or about June 17 (ticker symbol: PXwi).
 Also reported earlier today, Union Carbide's board of directors set June 30, 1992, as the record date for the distribution. UCC shareholders at the close of business on the record date will be issued one share of Praxair for each UCC share held.
 -0- 6/12/92
 /CONTACT: Tomm F. Sprick of Union Carbide, 203-794-6992/
 (UK) CO: Union Carbide Corporation; Praxair, Inc. ST: Connecticut IN: CHM SU:


SB -- NY066 -- 9794 06/12/92 15:53 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
Words:206
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