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STANT CORPORATION ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

 RICHMOND, Ind., June 7 /PRNewswire/ -- Stant Corporation, a leading manufacturer of automotive parts, tools and accessories, announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of 6,500,000 shares of its common stock. The offering will be underwritten by a syndicate led by Morgan Stanley & Co. Incorporated and Donaldson, Lufkin & Jenrette Securities Corporation in the United States and Canada. An international syndicate will be led by affiliates of the U.S. managers. Stant will grant the underwriters an option to purchase an additional 975,000 shares to cover over-allotments. The offering price is expected to be between $14 and $16.
 Upon completion of the offering, Bessemer Capital Partners, L.P. and the management of Stant will retain majority ownership of the outstanding shares of Stant's common stock.
 The net proceeds of the offering will be used to repay indebtedness and to redeem preferred stock.
 Subject to market conditions, it is expected the offering will commence in late July. Application will be made to have the common stock approved for quotation through the National Association of Securities Dealers Automated Quotation National Market System.
 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 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- 6/7/93
 /CONTACT: W. Thomas Margetts of Stant Corporation, 317-962-6655/


CO: Stant Corporation ST: Indiana IN: AUT SU: OFR

LC -- CL024 -- 6233 06/07/93 17:12 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:319
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