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GENERAL SIGNAL COMPLETES OFFERING OF 1.8 MILLION SHARES COMMON STOCK

 STAMFORD, Conn., June 3 /PRNewswire/ -- General Signal Corporation (NYSE: GSX) announced today the successful completion of its public offering of 1,800,000 million shares of common stock, priced at $62 per share, led by managing underwriters Donaldson, Lufkin & Jenrette Securities Corporation. In addition, the closing included the exercise of overallotment options by the underwriters of 270,000 shares, resulting in a total of 2,070,000 shares.
 General Signal realized net proceeds of approximately $124.0 million from the sale, which the company will use to repay outstanding debt and for general corporate purposes.
 "We are very pleased with the results of the offering," Edmund M. Carpenter, General Signal's chairman and CEO, said. "Its success is evidence that General Signal -- as respositioned -- continues to attract the awareness and interest of the investment community." Following a series of investor briefings in the United States and Europe, the company significantly increased the number of shares held by foreign institutions, helping to broaden ownership of its stock.
 General Signal Corporation, with 1992 sales of $1.6 billion, is a leading manufacturer of equipment and instruments for the process control, electrical, and industrial technology industries.
 -0- 6/3/93
 /CONTACT: Nino J. Fernandez of General Signal, 203-329-4320/
 (GSX)


CO: General Signal Corporation ST: Connecticut IN: SU: OFR

GK -- NY083 -- 5070 06/03/93 14:30 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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