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WHEELING-PITTSBURGH ANNOUNCES PRICE OF OFFERING

 WHEELING, W.Va., April 8 /PRNewswire/ -- Wheeling-Pittsburgh Corporation (NYSE: WHX) announced today that it priced an offering of 10,000,000 shares, 7,000,000 shares sold by the company and 3,000,000 shares sold by two principal stockholders, at $8.625 per share.
 The offering consisted of a domestic offering of 8,500,000 shares with Salomon Brothers Inc and Merrill Lynch & Co. as the U.S. representatives and 1,500,000 shares through a concurrent international offering with Salomon Brothers International Limited and Merrill Lynch International Limited as the international representatives. Net proceeds to the company of approximately $56.7 million will be utilized to pay down borrowings under the company's Revolving Credit Facility.
 -0- 4/8/93
 /CONTACT: Gregg Warren of Wheeling-Pittsburgh Steel, 304-234-2440/
 (WHX)


CO: Wheeling-Pittsburgh Corporation ST: West Virginia IN: MNG SU: OFR

KC-CD -- PG009 -- 4152 04/08/93 10:30 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
Words:148
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