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USX CORPORATION FILES REGISTRATION STATEMENT

 PITTSBURGH, Jan. 21 /PRNewswire/ -- USX Corporation (NYSE: X) announced today that it filed a registration statement with the Securities and Exchange Commission covering the offering of six million shares at $50 per share of USX Cumulative Convertible Preferred Stock.
 The stock will be convertible, at a premium to be established, into shares of USX-U.S. Steel Group Common Stock.
 Proceeds of the offering, estimated to be approximately $300 million, will be used for the general business purposes of the U.S. Steel Group.
 Goldman, Sachs & Co., The First Boston Corporation and Lehman Brothers will act as representatives of the underwriters in connection with the offering.
 USX Corporation is a diversified energy and steel company. Its businesses include U.S. Steel Group (NYSE: X), Marathon Group (NYSE: MRO) and Delhi Group (NYSE: DGP).
 -0- 1/21/93
 /CONTACT: W.E. Keslar or D.H. Herring of USX Corporation, 412-433-6870/
 (X MRO DGP)


CO: USX Corporation; U.S. Steel Group; Marathon Group; Delhi Group ST: Pennsylvania IN: MNG OIL SU: OFR

CD -- PG019 -- 7663 01/21/93 17:21 EST
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Publication:PR Newswire
Date:Jan 21, 1993
Words:178
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