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FLEET FINANCIAL GROUP FILES COMMON STOCK OFFERING

 PROVIDENCE, R.I., Jan. 25 /PRNewswire/ -- Fleet Financial Group (NYSE: FLT) today filed with the Securities and Exchange Commission an offering of 10 million shares of common stock, the company announced. Fleet also registered an additional 1.5 million shares of common stock to cover an option granted to underwriters for over-allotments.
 The offering will be managed by Merrill Lynch & Co., The First Boston Corporation, Goldman Sachs & Co., Lehman Brothers, Montgomery Securities, and Salomon Brothers Inc.
 Fleet intends to use the net proceeds for general corporate purposes, principally to fund investments in, or extend credit to, its subsidiaries, or potentially for the retirement of repurchase of portions of its preferred stock.
 The aforementioned registration statement 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 communication 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.
 Fleet Financial Group is a $47 billion diversified financial services company listed on the New York Stock Exchange (NYSE: FLT) with approximately 1,100 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending and leasing, investment management, and student loan processing.
 -0- 1/25/93
 /CONTACT: Robert W. Lougee, vice president, corporate communications, 401-278-5879, Bruce P. Crooks, 401-278-6241, Thomas L. Lavelle, 401-278-3003, or Judith B. Ragge, 401-278-6444 all of Fleet Financial Group/
 (FLT)


CO: Fleet Financial Group ST: Massachusetts, Rhode Island IN: FIN SU: OFR

TM -- NE024 -- 8789 01/25/93 17:57 EST
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Publication:PR Newswire
Date:Jan 25, 1993
Words:296
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