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CHRYSLER EXTENDS ITS LOW-COST COMMON STOCK SELLING PURCHASING PROGRAM

    HIGHLAND PARK, Mich., Aug. 5 /PRNewswire/ -- Chrysler Corporation (NYSE: C) today announced that it has extended the expiration date of its low-cost common stock selling/purchasing program for stockholders who, as of June 18, 1993, owned fewer than 100 shares of Chrysler common stock.  The program originally was to run from July 7 to Aug. 6, 1993.
    The extension period will begin Aug. 7, 1993, and expire Sept. 7, 1993.  The extension will allow stockholders additional time to review the details of this voluntary program.
    The program allows eligible stockholders the opportunity to sell all their shares or to purchase enough additional shares to bring their total holdings up to exactly 100 shares.  Shares tendered for sale will be matched with purchase orders.  Remaining shares will be sold into the open market.  Chrysler Corporation will not be purchasing or selling any of these shares.
    To defray the costs associated with the program, participating shareholders will be charged a processing fee of 50 cents per share sold or bought, which is less than customary brokerage commissions.
    The program is designed to reduce Chrysler's administrative costs for shareholder services by offering small shareholders a convenient and cost-effective method of selling or buying a small number of shares.
    Eligible stockholders may obtain additional information by calling the Shareholder Communications Corporation program manager at 212-809-2669.
    -0-             08/05/93
    CONTACT:  Karen Stewart of Chrysler, 313-956-1881
    (C) CO:  CHRYSLER CORPORATION IN:  AUT ST:  MI


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Publication:PR Newswire
Date:Aug 5, 1993
Words:244
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