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THE CATO CORPORATION PLANS TO FILE REGISTRATION STATEMENT WITH SEC COVERING UP TO 1,750,000 SHARES OF CLASS A COMMON STOCK

 CHARLOTTE, N.C., Jan. 18 /PRNewswire/ -- The Cato Corporation (NASDAQ-NMS: CACOA) announced today that it plans to file a registration statement with the Securities and Exchange Commission covering up to 1,750,000 shares of Class A Common Stock, 750,000 shares to be issued by the Company and 1,000,000 shares from the Company's two principal stockholders, in an underwritten public offering. The company will have approximately 18.5 million total shares of Class A and Class B Common Stock outstanding after the completion of the sale. If the offering is completed, the two selling stockholders will collectively continue to beneficially own approximately 39 percent of the total outstanding shares of the Company's Class A and Class B Common Stock. The Company plans to file a registration statement within two weeks. The offering would be made only by a prospectus. The Company's shares are traded in the NASDAQ National Market System under the symbol CACOA.
 -0- 1/18/93
 /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

SB -- CH008 -- 6058 01/18/93 18:57 EST
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Publication:PR Newswire
Date:Jan 18, 1993
Words:196
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