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VIKING OFFICE PRODUCTS ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

VIKING OFFICE PRODUCTS ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
 LOS ANGELES, Nov. 26 /PRNewswire/ -- Viking Office Products Inc. (NASDAQ: VKNG) announced today the public offering of 2,200,000 shares of common stock at $27.25 per share. Of this amount, 1,000,000 shares are being sold by Viking and the remaining 1,200,000 shares are being sold by shareholders of Viking. The underwriting syndicate is managed by Dillon, Read & Co. Inc. and William Blair & Co. Certain selling shareholders have granted the underwriters an option to purchase up to an additional 330,000 shares to cover possible over-allotments.
 The net proceeds from the sale of shares offered by Viking will be used to repay bank indebtedness, to finance the opening of a distribution center in continental Europe and for working capital. Viking will not receive any proceeds from the sale of shares by the selling shareholders.
 Viking sells office products to businesses in the United States and the United Kingdom through direct catalog marketing.
 -0- 11/26/91
 /CONTACT: H.B. Richman, CFO of Viking Office Products, 213-321-4493/
 (VKNG) CO: Viking Office Products Inc. ST: California IN: SU: OFR


CH -- LA021 -- 7531 11/26/91 17:29 EST
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Publication:PR Newswire
Date:Nov 26, 1991
Words:200
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