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OAKWOOD HOMES CORPORATION REGISTERS 2,000,000 SHARES OF COMMON STOCK

 GREENSBORO, N.C., Dec. 30 /PRNewswire/ -- Oakwood Homes Corporation announced today the filing with the Securities and Exchange Commission of a registration statement relating to the proposed public offering of 2,000,000 primary shares of its common stock. The shares will be offered by Merrill Lynch & Co., J.C. Bradford & Co. and Legg Mason Wood Walker, Incorporated. The underwriters have been granted an option to purchase an additional 300,000 common shares to cover over-allotments, if any.
 The net proceeds to the company from the sale of its shares will be used primarily to support its financing of installment sale contracts through its wholly owned subsidiary, Oakwood Acceptance Corporation, ("OAC"), and for other general corporate purposes.
 The company, headquartered in Greensboro, N.C., is listed on the New York Stock Exchange, (symbol OH) and designs, manufactures and markets manufactured homes and finances the majority of its sales through OAC. Oakwood's manufactured homes are sold exclusively at retail through 109 company-owned sales centers located principally in the southeastern United States.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall 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- 12/30/92
 /CONTACT: C. Michael Kilbourne of Oakwood Homes Corporation, 919-855-2345/
 (OH)


CO: Oakwood Homes Corporation ST: North Carolina IN: CST SU:

LR -- NY016 -- 0587 12/30/92 11:21 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 30, 1992
Words:300
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