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HADCO CORP. ANNOUNCES PUBLIC OFFERING OF 800,000 SHARES

 HADCO CORP. ANNOUNCES PUBLIC OFFERING OF 800,000 SHARES
 SALEM, N.H., June 15 /PRNewswire/ -- Hadco Corporation


(NASDAQ: HDCO) today announced a public offering of 800,000 shares of common stock at a price to the public of $8.50 per share, which shares are being sold by Horace H. Irvine II, chairman of the board of directors of Hadco and its largest stockholder, and by certain trusts created in the past by Irvine. In addition, certain of the selling stockholders have granted the underwriter an option for 30 days to purchase 80,000 additional shares to cover over-allotments. Hadco will not receive and of the proceeds of the offering.
 Adams, Harkness & Hill, Inc. is the underwriter for the offering. Final prospectuses can be obtained from Adams, Harkness & Hill, Inc., One Liberty Square, Boston, Mass. 02109, 617-423-6688.
 Prior to the offering, Irvine and the trusts owned approximately 19.1 percent and 16.5 percent, respectively, of Hadco's total outstanding shares of common stock. Upon completion of the offering, Irvine and these trusts will own approximately 16.5 percent and 11.1 percent (assuming the underwriter's over-allotment option is not exercised), respectively, of Hadco's total outstanding shares of common stock. Irvine and all of these trusts have agreed for a period of 120 days following the offering to refrain from engaging in any sales of their shares.
 This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 Hadco is a leading independent manufacturer of dense double-sided and multilayer printed circuits, serving customers in the computer, telecommunications and industrial automation industries. The company also manufactures backplanes for electronic interconnect systems. It operates six facilities in the United States.
 -0- 06/15/92
 /CONTACT: Rodney P. DeRego, chief financial officer of Hadco, 603-898-8000/ CO: Hadco Corporation ST: New Hampshire IN: SU: OFR


AH-LD -- NY092 -- 0414 06/15/92 20:23 EDT
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Publication:PR Newswire
Date:Jun 15, 1992
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