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BALLY MANUFACTURING CORPORATION ANNOUNCES DIVIDEND PAYMENT ON SERIES D CONVERTIBLE EXCHANGEABLE PREFERRED STOCK

 CHICAGO, Jan. 5 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) announced that its Board of Directors has declared a dividend of $1.00 per share to holders of its Series D Convertible Exchangeable Preferred Stock payable February 1, 1993, to the holders of record as of the close of business on January 15, 1993. The dividend will be paid in shares of Bally's common stock in lieu of cash.
 The number of shares paid will be based on the average of the daily mean of the high and low reported sale price per share of the common stock for each of the 15 consecutive trading days (as reported on the New York Stock Exchange Composite Transactions Tape) immediately preceding January 29, 1993.
 Bally is one of the world's foremost operators of casino hotel resorts and fitness centers.
 -0- 1/5/92
 /CONTACT: Michael Kempner or Laurie Terry of MWW/Strategic Communications, 201-342-9500, for Bally/
 (BLY)


CO: Bally Manufacturing Corporation ST: Illinois IN: CNO SU: DIV

KD -- NY086 -- 5453 01/05/93 17:23 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:173
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