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EG&G ANNOUNCES OPEN MARKET PURCHASE OF 5.5 MILLION SHARES AND INCREASED QUARTERLY CASH DIVIDEND

 WELLESLEY, Mass., Oct. 27 /PRNewswire/ -- EG&G, Inc. (NYSE: EGG) announced that its plans to purchase up to a total of 5.5 million shares of its common stock. The authorization to purchase was voted by the Company's Board of Directors and will be accomplished through periodic purchases on the open market.
 The Company believes because of its strong cash flow position it can take this action and yet retain the flexibility to maintain both its product development and growth strategies.
 The Board also voted to increase the Company's regular quarterly dividend from thirteen cents to fourteen cents per share of common stock, equivalent to an annual rate of fifty-six cents per share for 1994. This increased dividend is payable on Feb. 10, 1994 to all shareholders of record at the close of business on Jan. 21, 1994. EG&G has paid cash dividends to its stockholders, without interruption, for twenty-eight years, and has increased its dividend every year since 1974.
 EG&G is a Fortune 200 company with annual sales of $2.7 billion. It designs and manufactures laboratory and field-test instruments and electronic and mechanical components for commercial customers. EG&G provides systems engineering, precision component manufacturing, and test-site operating and management services to many government agencies and laboratories. It employs 31,000 people worldwide.
 -0- 10/27/93
 /CONTACT: Deborah S. Lorenz of EG&G, 617-431-4306/
 (EGG)


CO: EG&G, Inc. ST: Massachusetts IN: CPR SU: DIV

CM-JL -- NE014 -- 7360 10/27/93 13:34 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:249
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