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THE CATO CORPORATION OFFERS 1,750,000 SHARES OF CLASS A COMMON STOCK

 CHARLOTTE, N.C., Feb. 11 /PRNewswire/ -- The Cato Corporation (NASDAQ-NMS: CACOA) announced today that its Registration with the Securities and Exchange Commission of 1,750,000 shares of its Class A Common Stock became effective on Feb. 10. Of the shares offered, 750,000 shares are being issued and sold by the Company and 1,000,000 shares are being offered by certain principal selling shareholders. All of the 1,750,000 shares are being offered at a price of $25.50 per share. The offering is to be made through an underwriting group managed by The Robinson-Humphrey Company, Inc. and Robertson, Stephens & Company.
 The Company operates 505 women's apparel specialty stores under the names "Cato", "Cato Fashions"/"Cato Plus" and It's Fashion!" in 22 states, principally in non-metropolitan markets in the South and Southeast.
 The net proceeds to the Company will be used to finance the opening of new stores, the relocation and expansion of certain existing stores, the remodeling of older stores and for other general purposes.
 A copy of the prospectus relating to these securities may be obtained from The Robinson-Humphrey Company, Inc. at Atlanta Financial Center, 3333 Peachtree Road NE, Atlanta, Ga., 30326, 404-266-6000 or from Robertson, Stephens & Company, One Embarcadero Center, Suite 3100, San Francisco, Calif. 94111, 415-781-9700.
 -0- 2/11/93
 /CONTACT: V. Hollis Scott, Senior Vice President, Treasurer and Secretary, The Cato Corporation, 704-551-7266/
 (CACOA)


CO: The Cato Corporation ST: North Carolina IN: REA SU: OFR

MM -- CH005 -- 5861 02/11/93 16:18 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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