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AIR EXPRESS INTERNATIONAL CORPORATION COMMENCES PUBLIC OFFERING

 DARIEN, Conn., Jan. 22 /PRNewswire/ -- Air Express International Corporation (AMEX: AEX) today announced that it had commenced the public offering of $65 million aggregate principal amount of its 6 percent convertible subordinated debentures due 2003. The debentures, which have been approved for listing on the American Stock Exchange, are convertible into common stock of the company at a conversion price of $34.0625 per share. The offering is being underwritten by Morgan Stanley & Co. Incorporated.
 -0- 1/22/93
 /CONTACT: Dennis M. Dolan, vice president and chief financial officer of Air Express International Corporation, 203-655-7900/
 (AEX)


CO: Air Express International Corporation ST: Connecticut IN: AIR SU: OFR

CK-OS -- NY020 -- 7837 01/22/93 10:35 EST
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Publication:PR Newswire
Date:Jan 22, 1993
Words:116
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