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BALDWIN REACHES AGREEMENT TO SELL STOCK

 BALDWIN REACHES AGREEMENT TO SELL STOCK
 ROWAYTON, Conn., Nov. 4 /PRNewswire/ -- Baldwin Technology Company,


Inc. (AMEX: BLD), announced today that it has entered into an agreement with certain private institutional investors to sell 800,000 shares of the company's Class A common stock at $4.00 per share. The company is preparing and intends to file a registration statement with the Securities and Exchange Commission covering the shares in order to register the stock prior to issuing the stock.
 Kenneth W. Reynolds, chief financial officer of the company, explained that the company plans to use the proceeds of the sale to pay down debt, and therefore, the impact is expected to be non-dilutive.
 Baldwin Technology Company, Inc., is listed on the American Stock Exchange and is a leading multinational manufacturer of material handling, accessory, control and pre-press equipment for the printing industry.
 This offering of shares to the investors will be made by means of a prospectus.
 -0- 11/4/92
 /CONTACT: Helen P. Oster of Baldwin Technology Company, 203-866-3497/
 (BLD) CO: Baldwin Technology Company, Inc. ST: Connecticut IN: SU:


GK -- NY067 -- 2640 11/04/92 16:00 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1992
Words:189
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