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LUKENS AND SHAW INDUSTRIES TERMINATE PURCHASE AGREEMENT

 COATESVILLE, Pa., Oct. 28 /PRNewswire/ -- Lukens Inc. (NYSE: LUC) and Shaw Industries, Ltd. (Toronto: SHL) of Calgary, Alberta, Canada, today announced they have agreed to discontinue further negotiations on Shaw's purchase of Lukens' Energy Coatings Company and Cathodic Protection Services Company.
 The parties said they were unable to agree on various commercial issues pertaining to the transaction.
 Lukens said it will continue to pursue the sale of the two companies with other interested parties.
 Lukens Inc. is a Fortune 500 company whose subsidiaries supply carbon, alloy and clad plate steels; stainless steel sheet, strip and continuous mill products; and industrial products and services.
 /delval/
 -0- 10/28/93
 /CONTACT: Richard D. Whitmyre of Lukens, 215-383-2504/
 (LUC)


CO: Lukens, Inc.; Shaw Industries, Ltd. ST: Pennsylvania IN: MNG SU: JVN

MP -- PH029 -- 7985 10/28/93 13:46 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:137
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