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NORTHERN TRUST ANNOUNCES POSTPONEMENT OF STOCK OFFERING

      NORTHERN TRUST ANNOUNCES POSTPONEMENT OF STOCK OFFERING
    CHICAGO, Dec. 12 /PRNewswire/ -- Northern Trust Corp. (NASDAQ: NTRS) today announced that it has postponed a previously announced $65 million offering of depositary shares representing convertible preferred stock. A principal use of the proceeds of the offering would be for the corporation's pending acquisition of Trust Services of America, Inc., which is subject to various conditions including approval of the California Superintendent of Banks.  The corporation is engaged in discussions with the superintendent's office about legal issues concerning the structure of the acquisition and expects to proceed with the offering when those issues have been favorably resolved.
    -0-        12/12/91
    /CONTACT:  Sue Rageas of Northern Trust, 312-444-4279/
    (NTRS) CO:  Northern Trust Corporation ST:  Illinois IN:  FIN SU:  OFR SH -- NY011 -- 1781 12/12/91 08:58 EST
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Publication:PR Newswire
Date:Dec 12, 1991
Words:135
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