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FISHER SCIENTIFIC INTERNATIONAL INC. AND ITS PARENT COMPANY, THE HENLEY GROUP, INC. COMMENCE INITIAL PUBLIC OFFERING

 FISHER SCIENTIFIC INTERNATIONAL INC. AND ITS PARENT COMPANY,
 THE HENLEY GROUP, INC. COMMENCE INITIAL PUBLIC OFFERING
 HAMPTON, N.H., Dec. 18 /PRNewswire/ -- Fisher Scientific International Inc. and its parent company, The Henley Group, Inc., (NASDAQ: HENG) today commenced an initial public offering of 8.5 million shares of Fisher common stock at $14.50 per share. The shares, which will be sold in simultaneous offerings in the United States and abroad, will trade on the New York Stock Exchange under the symbol FSH.
 Of the total shares offered, 1.5 million are being sold by Fisher and 7 million are being sold by Henley, the selling stockholder, which will own approximately 43 percent of Fisher's common stock upon completion of the offerings.
 Reflecting changing market conditions, the size of the offering has been revised since it was announced Oct. 23, when a total of 14.5 million shares were planned for sale.
 The First Boston Corporation, Donaldson, Lufkin & Jenrette Securities Corporation, Lazard Freres & Co. and Smith Barney, Harris Upham & Co. Incorporated are the representatives of the underwriters for the U.S. syndicate offering 6.8 million shares. Credit Suisse First Boston Limited, Donaldson, Lufkin & Jenrette, Lazard Brothers & Co., Limited and Smith Barney are the representatives of the managers of the international offering of 1.7 million shares. Fisher has granted the underwriters and managers an option to purchase up to an additional 1.275 million shares to cover over-allotments, if any.
 Net proceeds to Fisher from its sale of common stock will be used for general corporate purposes, including working capital and capital expenditures.
 Fisher Scientific International is the oldest and largest supplier of instruments, supplies and equipment to the scientific community in North America. Fisher provides more than 90,000 scientific, educational, medical and government research and testing facilities with a selection of more than 100,000 products.
 -0- 12/18/91
 /CONTACT: Norman Ritter of The Henley Group, Inc., 603-929-2322/
 (HENG) CO: Fisher Scientific International; The Henley Group ST: New Hampshire IN: SU: OFR


DD-PB -- NE002 -- 3311 12/18/91 10:05 EST
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Publication:PR Newswire
Date:Dec 18, 1991
Words:345
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