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R.P. SCHERER ANNOUNCES PUBLIC OFFERING OF ITS COMMON STOCK

 R.P. SCHERER ANNOUNCES PUBLIC OFFERING OF ITS COMMON STOCK
 TROY, Mich., Oct. 23 /PRNewswire/ -- R.P. Scherer Corporation (NYSE: SHR) announced today the public offering of 3,500,000 shares of its Common Stock at $31.00 per share. In addition, underwriters have been granted an over-allotment option to purchase an additional 500,000 shares. All of the shares are being offered by Shearson Lehman Brothers Holdings, Inc. and certain other affiliated merchant banking partnerships. The shares are being offered through United States and international underwriting syndicates led by Lehman Brothers, Donaldson, Lufkin & Jenrette Securities Corporation, PaineWebber Incorporated, Wertheim Schroder & Co. Incorporated and Robert W. Baird & Co. Incorporated. R.P.Scherer's Common Stock currently trades on the New York Stock Exchange under the symbol SHR.
 R.P. Scherer Corporation, an international developer and manufacturer of drug delivery systems, is the world's largest producer of soft gelatin capsules ("softgels"). The Company is currently developing and commercializing advanced drug delivery systems, including SCHERERSOL(R), ZYDIS(R) and PULSINCAP(TM) technologies. The Company's proprietary drug delivery systems improve the efficacy of drugs by regulating the dosage, rate of absorption and place of release. The Company operates a global network of 15 facilities in 11 countries.
 -0- 10/23/92
 /CONTACT: Thomas J. Stuart of R.P. Scherer, 313-649-0900/
 (SHR) CO: R.P. Scherer Corporation ST: Michigan IN: MTC SU: OFR


DH -- DE020 -- 4144 10/23/92 12:12 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
Words:237
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