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HUNTCO PRICES PUBLIC OFFERING

 CHESTERFIELD, Mo., Nov. 23 /PRNewswire/ -- Huntco Inc. (NASDAQ: HUNT), a Chesterfield-based intermediate steel processor, today announced that it priced the public offering of 1,400,000 shares of Class A Common Stock. The offering is composed of 1,000,000 primary and 400,000 secondary shares. Total proceeds of the offering to the company, after underwriting discounts and expenses of the offering, will be approximately $30.9 million.
 A selling shareholder has also granted the Underwriters an over- allotment option to purchase up to an additional 210,000 shares of Huntco Inc. Class A Common Stock. The selling shareholders are controlled by B. D. Hunter, the chairman of the board of directors and chief executive officer of Huntco Inc.
 The offering is being made through an underwriting syndicate managed by Donaldson, Lufkin & Jenrette Securities Corp. and C.J. Lawrence/Deutsche Bank Securities Corp. The proceeds of the offering will be used by the company in the continued expansion of its steel processing business, including the development of a cold rolling steel mill in Blytheville, Ark.
 -0- 11/23/93
 /CONTACT: Robert J. Marischen of Huntco, 314-878-0155/
 (HUNT)


CO: Huntco Inc. ST: Missouri IN: SU: OFR

BB -- DV002 -- 7463 11/23/93 18:42 EST
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Publication:PR Newswire
Date:Nov 23, 1993
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