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UNIVERSAL CORPORATION FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

 RICHMOND, Va., Feb. 25 /PRNewswire/ -- Universal Corporation (NYSE: UVV) announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of up to 3,220,000 shares of its common stock, which includes 420,000 shares that may be offered pursuant to an over- allotment option granted to the underwriters. The proceeds from the sale of the shares will be used to finance the recent acquisition of The Casalee Group, S.A., and for general corporate purposes. The offering will be conducted through a group of underwriters led by Dillon, Read & Co., Inc., and Wheat, First Securities, Inc.
 A registration statement related to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the 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.
 -0- 2/25/93
 /CONTACT: O. Kemp Dozier of Universal Corporation, 804-359-9311/
 (UVV)


CO: Universal Corporation ST: Virginia IN: TOB SU: OFR

MH -- DC003 -- 0245 02/25/93 08:53 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:233
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