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STEWART & STEVENSON SERVICES ANNOUNCES COMPLETION OF PUBLIC OFFERING

 STEWART & STEVENSON SERVICES ANNOUNCES COMPLETION OF PUBLIC OFFERING
 HOUSTON, Dec. 19 /PRNewswire/ -- Stewart & Stevenson Services, Inc. (NASDAQ: SSSS), a leading manufacturer of diesel and gas turbine powered equipment, today announced it has completed a public offering of 1,100,000 shares of its common stock. Of the shares offered, one million shares were sold by the company and 100,000 shares were sold by the Stewart & Stevenson Pension Plan and Trust.
 Lehman Brothers, Wertheim Schroder & Co. Incorporated, Robert W. Baird & Co., Incorporated, and Rauscher Pierce Refsnes, Inc., were underwriters for the sale of the common stock. The company granted the underwriters a 30-day option to purchase up to 150,000 additional shares on the same terms and conditions to cover over-allotments, if any.
 Net proceeds to the company amounted to $50,705,000 and will be used primarily to finance expenditures related to the $1.2 billion FMTV truck contract recently received by the company.
 -0- 12/19/91
 /CONTACT: David R. Stewart of Stewart & Stevenson Services, 713-868-7657/
 (SSSS) CO: Stewart & Stevenson Services, Inc. ST: Texas IN: SU: OFR


GK -- NY062 -- 3964 12/19/91 13:48 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:188
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