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HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON STOCK

 HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, ANNOUNCES
 PROPOSED PUBLIC OFFERING OF COMMON STOCK
 WASHINGTON, April 22 /PRNewswire/ -- Harman International Industries, Incorporated (NYSE: HAR) today announced that it has filed with the Securities and Exchange Commission a registration statement relating to a proposed public offering of 1.75 million shares of common stock. All of the shares of common stock are being sold by the company.
 The net proceeds from the sale of the common stock will be used by the company to repay a portion of its outstanding short-term debt. The offering is being co-managed by Montgomery Securities and Lehman Brothers.
 Harman International Industries, Incorporated is a leader in the design, manufacture and marketing of high-quality, high-fidelity audio products targeted primarily at the consumer, professional and automotive markets. The Company's stock is traded on the New York Stock Exchange under the symbol: HAR.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not 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 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 or sale would be unlawful prior to registration of qualification under the securities laws of any such state. These securities will be offered only by means of a prospectus that may be obtained from:
 Montgomery Securities Shearson Lehman Brothers Inc.
 600 Montgomery Street Prospectus Department
 San Francisco, California 34 Hubert Street
 415-627-2300 New York, New York 10013
 212-464-6929
 -0- 4/22/92
 /CONTACT: Bernie Girod of Harman, 818-893-8411/
 (HAR) CO: Harman International Industries, Incorporated ST: District of Columbia IN: ENT SU: OFR


KD-LR -- NY123 -- 1557 04/22/92 19:16 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:308
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