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RHONE-POULENC RORER AGREES TO SELL $300 MILLION MARKET AUCTION PREFERRED SHARES

 RHONE-POULENC RORER AGREES TO SELL
 $300 MILLION MARKET AUCTION PREFERRED SHARES
 COLLEGEVILLE, Pa., Dec. 13 /PRNewswire/ -- Rhone-Poulenc Rorer Inc. (NYSE: RPR) today announced that it has agreed to sell to underwriters $300 million of Market Auction Preferred Shares consisting of 750 units each of Series A, B, C and D, with each unit consisting of 100 shares.
 The initial dividend rate will be 4.30 percent for each series of Market Auction Preferred Shares. The underwriters for this offering are Morgan Stanley & Co. Incorporated, The First Boston Corporation and Lehman Brothers.
 The company said it expects to use the net proceeds to repay a portion of the company's outstanding debt. Rhone-Poulenc Rorer is primarily engaged in the discovery, development, manufacture, and marketing of a broad line of pharmaceutical products for human use.
 /delval/
 -0- 12/13/91
 /CONTACT: Rhone-Poulenc Rorer, Media Relations, 215-454-3871, or Investor Relations, 215-454-3851/
 (RPR) CO: Rhone-Poulenc Rorer Inc. ST: Pennsylvania IN: MTC SU:


MP -- PH003 -- 2249 12/13/91 08:58 EST
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Publication:PR Newswire
Date:Dec 13, 1991
Words:166
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