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STEWART & STEVENSON TO INITIATE REGISTRATION OF SHARES FOR SALE

   STEWART & STEVENSON TO INITIATE REGISTRATION OF SHARES FOR SALE
    HOUSTON, Nov. 19 /PRNewswire/ -- Stewart & Stevenson Services, Inc. (NASDAQ: SSSS), a manufacturer of diesel and gas turbine powered equipment, today announced that it intends to initiate the registration of 1 million shares of its common stock for sale in an underwritten public offering to be completed prior to the end of fiscal 1991.  The company indicated that an additional 100,000 shares of Stewart & Stevenson common stock would be offered for sale by the company's pension plan.
    Proceeds from the sale of common stock by Stewart & Stevenson will be used to fund future capital expenditures as a result of the recent award of a $1.2 billion contract to supply medium duty trucks to the U.S. Army, and continued growth of the company's gas turbine-driven equipment business.
    A registration statement relating to these securities has not been filed with the Securities and Exchange Commission.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement is filed and becomes effective.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.  Offers to sell such securities will be made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.
    -0-            11/19/91
    /CONTACT:  David R. Stewart of Stewart & Stevenson Services, 713-868-7657/
    (SSSS) CO:  Stewart & Stevenson Services Inc. ST:  Texas IN: SU:  OFR FC -- NY034 -- 4900 11/19/91 11:10 EST
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Publication:PR Newswire
Date:Nov 19, 1991
Words:291
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