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CINCINNATI MILACRON TO OFFER 4.5 MILLION NEW COMMON SHARES

 CINCINNATI, Feb. 16 /PRNewswire/ -- Cincinnati Milacron Inc. (NYSE: CMZ) announced today that its board of directors has authorized the public offering of 4.5 million new common shares. Subject to acceptable market conditions, the company intends to make the appropriate filings with the Securities and Exchange Commission in the next few weeks. Currently, Cincinnati Milacron has approximately 27.5 million common shares outstanding.
 "The proceeds from the offering will be used to redeem all or a portion of our 12 percent sinking fund debentures due 2010, to replace debt incurred to finance our recent acquisition of Valenite, and to improve the company's financial flexibility for future growth opportunities," said Daniel J. Meyer, Milacron's chairman and chief executive officer.
 The new shares of common stock are offered only by means of prospectus and 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 a solicitation to buy; nor shall there be any sale of these shares 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.
 Cincinnati Milacron is a leading manufacturer of machine tools, plastics machinery and industrial products. Valenite is a leading producer of metalcutting tools and systems.
 -0- 2/16/93
 /CONTACT: Albert Beaupre of Cincinnati Milacron, 513-841-7241/
 (CMZ)


CO: Cincinnati Milacron Inc. ST: Ohio IN: SU: OFR

WB -- NY095 -- 6805 02/16/93 12:48 EST
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Publication:PR Newswire
Date:Feb 16, 1993
Words:255
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