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CHESAPEAKE CORPORATION FILES REGISTRATION STATEMENT FOR PROPOSED PUBLIC OFFERING OF COMMON STOCK

 CHESAPEAKE CORPORATION FILES REGISTRATION STATEMENT
 FOR PROPOSED PUBLIC OFFERING OF COMMON STOCK
 RICHMOND, Va., March 5 /PRNewswire/ -- Chesapeake Corporation (NYSE: CSK) today filed a registration statement with the Securities and Exchange Commissioner elating to the proposed public offering of 2.5 million shares of its Common Stock (plus an over-allotment option of an additional 375,000 shares). The net proceeds from the sale of these shares will be used to repay at maturity the company's $25.0 million 11 1/2 percent Notes due August 1, 1992, to reduce amounts outstanding under the company's bank lines of credit and for general corporate purposes.
 Two million shares of the Common Stock are expected to be offered in the United States through underwriters led by Goldman, Sachs & Co., while 500,000 shares are expected to be offered in a concurrent international offering through underwriters led by Goldman Sachs International Limited. Copies of the prospectuses with respect to the offerings of the Common Stock may be obtained from Goldman, Sachs & Co., New York, NY.
 Chesapeake Corporation is an integrated paper and forest products company. The company's primary businesses are kraft and tissue paper products and packaging. Its other businesses are consumer tabletop tissue products, treated wood and land development.
 A registration statement relating to the Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. The Common Stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of the Common Stock 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.
 -0- 3/5/92
 /CONTACT: Andrew J. Kohut, Chief Financial Officer, Chesapeake Corporation, 804-697-1153/
 (CSK) CO: Chesapeake Corporation ST: Virginia IN: PAP SU:


CM -- CH006 -- 5337 03/05/92 09:53 EST
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Publication:PR Newswire
Date:Mar 5, 1992
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