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PHILADELPHIA SUBURBAN CORPORATION FILES FOR PROPOSED PUBLIC OFFERING

 BRYN MAWR, Pa., March 17 /PRNewswire/ -- Philadelphia Suburban Corporation (NYSE: PSC) today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of up to 1.1 million shares of common stock.
 All of the shares will be sold by the company.
 The offering is being managed by Smith Barney, Harris Upham & Co. Incorporated and Edward D. Jones & Co.
 Philadelphia Suburban Corporation is a holding company whose principal subsidiary is Philadelphia Suburban Water Company, a water utility serving approximately 244,800 customers in a 379-square-mile area in the northern and western suburbs of Philadelphia.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The 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 a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 Copies of the preliminary prospectus relating to the offering may be obtained from Smith Barney, Harris Upham & Co. Incorporated, 1345 Avenue of the Americas, New York, NY 10105, or Edward D. Jones & Co., 201 Progress Parkway, Maryland Heights, Mo., 63043-3042.
 /delval/
 -0- 3/17/93
 /CONTACT: Robert E. Deddy, vp-corporate affairs, 215-645-1016, or Roy H. Stahl, senior vice president and general counsel, 215-645-1035, both of Philadelphia Suburban/
 (PSC)


CO: Philadelphia Suburban Corporation ST: Pennsylvania IN: UTI SU: OFR

MJ-CC -- PH024 -- 7190 03/17/93 17:24 EST
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Publication:PR Newswire
Date:Mar 17, 1993
Words:291
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