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5.6 MILLION SHARES OF GENERAL INSTRUMENT COMMON STOCK PRICED AT $51.00 PER SHARE IN SECONDARY OFFERING

 CHICAGO, Sept. 29 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC) (GI) announced today that a secondary public offering of 5.6 million shares of the company's common stock has been priced at $51.00 per share. The shares are being sold by affiliates of Forstmann Little & Co. and current and former officers, directors and key employees of the company. The selling stockholders have granted the underwriters options to purchase up to an additional 840,000 shares to cover over-allotments.
 Upon completion of the offering, Forstmann Little affiliates will own approximately 27 percent of General Instrument shares on a fully diluted basis (approximately 25 percent if the over-allotment options are exercised in full).
 Goldman, Sachs & Co. and Merrill Lynch & Co. are the co-managers of the 4,480,000 share U.S. offering, and Goldman Sachs International Limited and Merrill Lynch International Limited are the co-mangers of the concurrent 1,120,000 share international offering.
 General Instrument Corporation is a world leader in broadband transmission, distribution and access control technologies for cable, satellite and terrestrial broadcasting applications, as well as in discrete power rectifying components. GI has joined with the other all-digital proponents for the U.S. HDTV standard in a "Grand Alliance" that will share technology and potential future royalties.
 Copies of the prospectus may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, N.Y. 10004.
 -0- 9/29/93
 /CONTACT: George Sard or Anna Cordasco of Sard Verbinnen & Co., Inc., 212-687-8080/
 (GIC)


CO: General Instrument Corporation ST: Illinois, New York IN: TLS SU: OFR

LD -- NY094 -- 7050 09/29/93 20:11 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
Words:265
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