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EXIDE CORPORATION FILES 4 MILLION SHARES OF COMMON STOCK

 BLOOMFIELD HILLS, Mich., Aug. 27 /PRNewswire/ -- Exide Corporation (NYSE: EXD) today announced that it filed a registration statement with the Securities and Exchange Commission relating to the public offering of 4 million shares of common stock.
 All of the shares of common stock are being sold by Exide Corporation. The company expects to commence the offering in October 1993.
 Of the shares of common stock being offered, 3,200,000 will be offered initially in the United States and Canada and underwritten by a group of underwriters managed by Morgan Stanley & Co. Incorporated and Donaldson, Lufkin & Jenrette Securities Corporation, and 800,000 will be offered initially outside the United States and Canada and underwritten by a group of underwriters managed by Morgan Stanley International and Donaldson, Lufkin & Jenrette Securities Corporation. Exide Corporation has stated that the underwriters will have an option to acquire up to 600,000 additional shares of common stock to cover any over-allotments.
 Application will be made to list the shares of common stock on the New York Stock Exchange.
 Exide Corporation and its affiliates produce starting, lighting and ignition batteries primarily for automobiles and commercial applications. The company also produces battery chargers, a full line of battery accessories and remanufactured starters and alternators. The company owns various trade names and registered marks, including "Exide," "Willard" and "Prestolite."
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities 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.
 /delval/
 -0- 8/27/93
 /CONTACT: Bernard F. Stewart of Exide Corporation, 313-258-0080/
 (EXD)


CO: Exide Corporation ST: Michigan IN: AUT SU: OFR

MJ-JM -- PH031 -- 6773 08/27/93 17:08 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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