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

 HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED,
 ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
 WASHINGTON, May 29 /PRNewswire/ -- Harman International Industries, Incorporated (NYSE: HAR), today announced the public offering of 1.75 million shares of common stock at a price of $10.25 per share. 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 approximately $16.5 million of its outstanding short-term debt.
 The common stock is being offered by an underwriting syndicate co-managed by Montgomery Securities and Lehman Brothers. The company has granted the underwriters an option for 30 days to purchase up to an additional 262,500 shares of common stock to cover over- allotments, if any.
 Harman International Industries, Incorporated, is a leader in the design, manufacture and marketing of high-quality, high-fidelity audio products for the consumer, professional and automotive markets.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. These securities are being offered only by means of a prospectus that may be obtained from:
 Montgomery Securities Shearson Lehman Brothers Inc.
 600 Montgomery St. Prospectus Department
 San Francisco, Calif. 94111 34 Hubert St.
 415-627-2300 New York, N.Y. 10013
 212-464-6929
 -0- 5/29/92
 /CONTACT: Bernie Girod of Harmon International Industries, 818-893-8411/
 (HAR) CO: Harman International Industries, Incorporated ST: District of Columbia IN: CPR SU: OFR


MH-DC -- DC008 -- 5116 05/29/92 10:32 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 29, 1992
Words:248
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