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SYBRON OFFERS 7,250,000 SHARES OF COMMON STOCK AT $14 EACH

 SYBRON OFFERS 7,250,000 SHARES OF COMMON STOCK AT $14 EACH
 MILWAUKEE, May 7 /PRNewswire/ -- Sybron Corp. (NYSE: SYB) announced today that it has commenced an offering of 7,250,000 shares of common stock at $14 per share. Of the 7,250,000 shares included in the offering, 5,800,000 shares are being offered for sale in the United States and Canada and 1,450,000 shares are being sold in an international offering.
 In addition to the shares being sold by the company, 719,702 shares of common stock are being sold in the offering by certain of the holders of the company's outstanding Equity Rights, the terms of which permit holders of such rights to sell common stock underlying the Equity Rights in the offering. These shares are being offered in the United States and Canada only.
 The company has also granted to the United States underwriters a 30-day option to purchase up to 1,195,455 additional shares of common stock to cover over-allotments, if any.
 Proceeds to Redeem Senior Preferred.
 The company said that substantially all of the net proceeds from the offering will be used to redeem all issued and outstanding shares of its 16-1/2 percent Senior Exchangeable Preferred-Stock at an aggregate redemption price of approximately $92.5 million, and the balance will be used to pay down bank debt. The company will not receive any of the proceeds from the sale of shares being sold by the selling rights holders.
 In addition, immediately upon consummation of the offering each outstanding share of the company's Junior Preferred Stock will be converted into approximately 1.71 shares of common stock, for an aggregate 2,062,244 shares of common stock.
 Donaldson, Lufkin & Jenrette Securities Corp., Morgan Stanley & Co. and Robert W. Baird & Co. Inc. are the underwriters for the offering of the shares in the United States and Canada. Donaldson, Lufkin & Jenrette Securities Corp., Morgan Stanley International and Robert W. Baird & Co. Inc. are the underwriters for the international offering.
 The shares included in the offering have been listed on the New York Stock Exchange.
 Sybron Corp.'s subsidiaries design, manufacture and market laboratory and dental supply products worldwide. The subsidiaries and their products include Erie Scientific Co. -- microscope slides; Nalge Co. -- reusable and disposable plastic labware; Barnstead Thermolyne Corp. -- precision heating and stirring apparatus and water purification systems for laboratories; Ormco Corp. -- orthodontic products; and Kerr Manufacturing Co. -- dental materials.
 A prospectus relating to the offering may be obtained from Donaldson, Lufkin & Jenrette Securities Corp., 140 Broadway, New York, N.Y. 10005.
 -0- 5/7/92
 /CONTACT: R. Jeffrey Harris of Sybron Corp., 414-274-6600; or S. Joseph Moran, Hoffman York & Compton, 414-289-9700, for Sybron/
 (SYB) CO: Sybron Corp. ST: Wisconsin IN: MTC SU: OFR


SH -- NY037 -- 7507 05/07/92 10:14 EDT
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Publication:PR Newswire
Date:May 7, 1992
Words:472
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