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PUBLIC OFFERING OF 2,200,000 SHARES OF SLM INTERNATIONAL COMMON STOCK

 PUBLIC OFFERING OF 2,200,000 SHARES OF
 SLM INTERNATIONAL COMMON STOCK
 NEW YORK, July 28 /PRNewswire/ -- SLM International, Inc. (NASDAQ: SLMI) announced today the public offering of 2,200,000 shares of common stock at a price of $18.50 per share, through an underwriting syndicate managed by Kidder, Peabody & Co. Incorporated. Of the shares being offered, 1,500,000 shares are being issued and sold by SLM International, Inc. and 700,000 shares are being offered by selling stockholders. SLM International, Inc. has granted the underwriters a 30-day over-allotment option to purchase up to an additional 330,000 shares.
 Proceeds from the sale of the shares by SLM International, Inc. will be used to reduce outstanding working capital indebtedness. SLM International, Inc. expects to use the resulting increased availability under its working capital facilities to fund the company's anticipated growth, including the development of new products and product categories, working capital requirements associated with the anticipated increase in sales and possible acquisitions.
 SLM International, Inc. designs, develops, manufactures and markets a broad range of toys and sporting goods on a worldwide basis using a variety of well-known trademarks, as well as licenses for popular children's characters.
 A prospectus may be obtained by writing to SLM International, Inc., 200 Fifth Avenue, New York, N.Y. 10010, Attention: Investor Relations.
 -0- 7/28/92
 /CONTACT: David Walke, Amy Ludwig, Brad Miller of Morgen-Walke Associates, 212-986-5900, for SLM International/
 (SLMI) CO: SLM International, Inc. ST: New York IN: HOU SU: OFR


PS -- NY078 -- 4199 07/28/92 15:20 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 28, 1992
Words:259
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