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LIDA ANNOUNCES INITIAL PUBLIC OFFERING

 LIDA ANNOUNCES INITIAL PUBLIC OFFERING
 CHARLOTTE, N.C., May 6 /PRNewswire/ -- Lida Inc. (NASDAQ: LIDA)


announced today that its initial public offering of 2,500,000 shares of Class A common stock was priced at $11.50 a share through U.S. underwriters led by Lehman Brothers and Kidder, Peabody & Co. and international managers led by Lehman Brothers International and Kidder, Peabody International Limited.
 Of the 2,500,000 shares, 1,328,000 are being offered by the company and 1,172,000 shares are being offered by Isaac Kier, Nelson Kier and Ralph Kier, the existing stockholders of the company.
 Lida Inc. is a designer, manufacturer and marketer of "topweight" fabrics, primarily for use in the production of women's sportswear, swimwear and active wear. The company is headquartered in Charlotte.
 -0- 5/6/92
 /CONTACT: Nelson Kier, executive vice president and chief financial officer of Lida, 704-376-5609/
 (LIDA) CO: Lida Inc. ST: North Carolina IN: TEX SU: OFR


GK -- NY026 -- 6978 05/06/92 10:13 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:168
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