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ABC RAIL PRODUCTS CORPORATION ANNOUNCES INITIAL PUBLIC OFFERING

 CHICAGO, Nov. 19 /PRNewswire/ -- ABC Rail Products Corporation announced today that it has filed with the Securities and Exchange Commission a registration statement for the initial public offering of 3 million shares of common stock. Of the total, 2,850,000 shares are being sold by the company and 150,000 shares by three retired or retiring employees of the company.
 It is currently estimated that the initial public offering price of the common stock will be between $12 and $14 a share. The shares are being offered through underwriters led by Kidder, Peabody & Co. Incorporated and Wertheim Schroder & Co. Incorporated.
 The company manufactures specialty trackwork, railroad wheels and composition and metal brake shoes for the freight railroad and rail transit industries.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release 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.
 Copies of the prospectus may be obtained from Kidder, Peabody & Co. Incorporated, 10 Hanover Square, New York, N.Y. 10005.
 -0- 11/19/93
 /CONTACT: Donald W. Grinter, president and chief executive officer, 312-322-0360/


CO: ABC Rail Products Corporation ST: Illinois IN: TRN SU: OFR

CK-TW -- NY060 -- 6591 11/19/93 14:21 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:273
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