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FARREL CORPORATION FILES INITIAL PUBLIC OFFERING OF COMMON STOCK

FARREL CORPORATION FILES INITIAL PUBLIC OFFERING OF COMMON STOCK
 ANSONIA, Conn., Nov. 14 /PRNewswire/ -- Farrel Corporation today announced that it filed Amendment No. 1 to an S-1 Registration Statement with the Securities and Exchange Commission for an initial public offering of 2,000,000 shares of common stock at an expected price range of $11 to $13 per share. Application will be made to have the common stock traded on the NASDAQ National Market System under the symbol "FARL." All of the shares are being sold by the company. PaineWebber Incorporated is managing the offering.
 Farrel Corporation designs, manufactures, sells and services capital equipment used to process rubber and plastics materials. The company's principal products are BANBURY Mixers, continuous mixers, extruders, compact processors, pelletizers, gear pumps, calenders and mills. In conjunction with sales of capital equipment, the company provides process engineering, process design and related services for rubber and plastics processing systems. The company's aftermarket business consists primarily of repair, refurbishment and equipment upgrade services, spareparts sales and field services.
 The company intends to use the net proceeds of the offering to upgrade and expand the company's U.S. and foreign facilities, to acquire new machinery and/or to acquire additional facilities, to conduct research and development for new or improved products and to fund the cost of exercising the purchase option, with the balance for working capital and other general corporate purposes.
 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.
 Copies of the preliminary prospectus may be obtained from PaineWebber Incorporated, 1285 Avenue of the Americas, New York, NY 10019 by contacting David H. Holmes, 212-713-3040.
 -0- 11/14/91
 /CONTACT: Charles S. Jones of First Funding Corporation, 203-324-2626, for Farrel Corporation/
 (FARL) CO: Farrel Corporation ST: Connecticut IN: SU: OFR FC -- NY051 -- 4405 11/14/91 11:51 EST
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Publication:PR Newswire
Date:Nov 14, 1991
Words:390
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