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MCWHORTER RESINS, INC., REGISTRATION STATEMENT FILED

 MINNEAPOLIS, Dec. 6 /PRNewswire/ -- The Valspar Corporation (AMEX: VAL), a major coatings manufacturer, announced today that its wholly owned subsidiary, McWhorter Resins, Inc., has filed with the SEC a registration statement covering the shares of common stock of McWhorter which will be distributed to Valspar's stockholders in connection with the previously announced spin-off of McWhorter following the acquisition by McWhorter of the Resins Products Division of Cargill, Incorporated.
 The Registration Statement includes an information statement which will, following review by the SEC, be distributed to stockholders of Valspar in connection with the spin-off. The distribution is currently expected to be on the basis of one share of McWhorter common stock for every two shares of Valspar common stock and to be completed in the spring. As part of the distribution, McWhorter intends to list its stock on the New York Stock Exchange.
 -0- 12/6/93
 /CONTACT: Paul C. Reyelts, vice president-finance, of Valspar, 612-375-7702/
 (VAL)


CO: Valspar Corporation; McWhorter Resins, Inc. ST: Minnesota IN: CHM SU: OFR

AL-DS -- MN008 -- 0828 12/06/93 13:19 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:177
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