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ARMCO INC., USX CORPORATION: TERMINATION OF NATIONAL-OILWELL AGREEMENT

ARMCO INC., USX CORPORATION: TERMINATION OF NATIONAL-OILWELL AGREEMENT
 PITTSBURGH, Nov. 3 /PRNewswire/ -- Armco Inc. (NYSE: AS) and USX Corporation (NYSE: X) announced today that the previously announced stock purchase agreement for the sale by USX and Armco of their interest in National-Oilwell to Empresas Lanzagorta S. A. de C.V. has been terminated.
 Armco and USX will continue to own and operate National-Oilwell and National-Oilwell will continue to serve its customers in the oil and gas drilling and oilfield services businesses.
 -0- 11/3/92
 /CONTACT: A. Lee Bland of Armco Inc., 201-316-5266, or William E. Keslar of USX Corporation, 412-433-6870/
 (AS X) CO: Armco Inc.; USX Corporation; National-Oilwell ST: Pennsylvania IN: OIL SU:


CD-DM -- PG002 -- 1925 11/03/92 08:37 EST
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Publication:PR Newswire
Date:Nov 3, 1992
Words:123
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