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MINERALS TECHNOLOGIES INC. FILES PRELIMINARY REGISTRATION STATEMENT FOR PUBLIC OFFERING

 MINERALS TECHNOLOGIES INC. FILES PRELIMINARY REGISTRATION
 STATEMENT FOR PUBLIC OFFERING
 NEW YORK, Aug. 25 /PRNewswire/ -- Minerals Technologies Inc., a subsidiary of Pfizer Inc (NYSE: PFE), today said it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of 15,000,000 of its common shares to be sold by Pfizer Inc. Pfizer Inc will retain 40 percent of the outstanding common shares, 31 percent if underwriters' overallotment options are exercised in full. It is expected that the transaction should be completed before the end of the year.
 Minerals Technologies Inc. has applied for the listing of the shares on the New York Stock Exchange under the symbol MTX.
 Minerals Technologies Inc. is a producer and supplier to the North American paper industry of precipitated calcium carbonate (PCC), a substitute for wood fibers in the manufacture of printing and writing papers. The company is also a provider of monolithic refractory materials and equipment and services for use primarily by the steel, and, to a lesser extent, the cement and glass industries. The company also mines and processes talc and limestone and offers technology-based products including specialty steel treatments and metallurgical products.
 Managers of the underwriting syndicate for the offering will be Lazard Freres & Co., Goldman, Sachs & Co., and Smith Barney, Harris Upham & Co. Incorporated.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities described herein will be offered only by means of a prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy; nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/25/92
 /CONTACT: Rick Honey of Pfizer, 212-573-2051/
 (PFE) CO: Minerals Technologies Inc.; Pfizer Inc ST: New York IN: CHM SU: OFR


PS -- NY063 -- 3111 08/25/92 15:10 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
Words:343
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