ARVIN OFFERS COMMON SHARES AT $27.25 PER SHARE
ARVIN OFFERS COMMON SHARES AT $27.25 PER SHARE COLUMBUS, Ind., Sept. 23 /PRNewswire/ -- Arvin Industries, Inc.
(NYSE: ARV) announced today that it has commenced an offering of 2 million newly issued common shares, priced at $27.25 per share. The offering is being made by an underwriting group managed by Merrill Lynch & Co. and Lehman Brothers. Arvin granted the underwriters an option to purchase up to an additional 300,000 shares to cover over-allotments, if any. The net proceeds of the offering will be used for general corporate purposes.
A prospectus with respect to the offering may be obtained from Merrill Lynch & Co. at World Financial Center, North Tower, 250 Vecsey St., New York, N.Y., 10281, or from Lehman Brothers at American Express Tower, World Financial Center, 18th Floor, New York, N.Y., 10285. Arvin Industries, Inc. is an international manufacturing company supplying automotive parts and related products and services in more than 100 countries throughout the world. -0- 9/23/92 /CONTACT: John Brown of Arvin Industries, Inc., 812-379-3389/ (ARV) CO: Arvin Industries, Inc. ST: Indiana IN: AUT SU: OFR
KK -- CL008 -- 2494 09/23/92 09:03 EDT
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|Date:||Sep 23, 1992|
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