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BAKER HUGHES TO OFFER LIQUID YIELD OPTION NOTES

 HOUSTON, April 21 /PRNewswire/ -- Baker Hughes Incorporated (NYSE, PSE: BHI) today announced its intention to offer for sale $250 million principal amount at maturity of Liquid Yield Option Notes (LYONs) due 2008 (Zero Coupon - Senior).
 In a filing with the Securities and Exchange Commission, BHI indicated that the LYONs will be convertible into its common stock. The offering will be underwritten by Merrill Lynch & Co. Proceeds from the offering are expected to be approximately $143 million, before any over allotments, and will be used to repay commercial paper borrowings incurred for working capital purposes.
 A registration statement relating to the LYONs has been filed with the Securities and Exchange Commission. The LYONs may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the LYONs 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.
 Baker Hughes is a leading provider of products and services for the oil, gas and process industries.
 -0- 4/21/93
 /CONTACT: Ronald G. Turner of Baker Hughes Incorporated, 713-439-8666/
 (BHI)


CO: Baker Hughes Incorporated ST: Texas IN: OIL SU: OFR

WB -- NY076 -- 8766 04/21/93 12:54 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
Words:234
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