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THE CATO CORPORATION FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING OF 1,750,000 SHARES OF CLASS A COMMON STOCK

 CHARLOTTE, N.C., Jan. 25 /PRNewswire/ -- The Cato Corporation (NASDAQ-NMS: CACOA) announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed public offering of 1,750,000 shares of its Class A Common Stock. Of the shares to be offered, 750,000 shares are to be issued and sold by the Company and 1,000,000 shares are to be offered by certain principal selling stockholders. The offering is to be made through an underwriting group managed by The Robinson-Humphrey Company, Inc. and Robertson, Stephens & Company.
 The net proceeds to the Company will be used to finance the opening of new stores, the relocation and expansion of certain existing stores, the remodeling of older stores and for other general corporate purposes.
 The Company operates 505 women's apparel specialty stores under the names "Cato," "Cato Fashions"/"Cato Plus" and "It's Fashion!" in 22 states, principally in non-metropolitan markets in the South and Southeast.
 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 communication 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 the registration of qualification under the securities laws of any such state.
 A copy of the prospectus relating to these securities may be obtained from The Robinson-Humphrey Company, Inc. at Atlanta Financial Center, 3333 Peachtree Road, NE, Atlanta, Georgia 30326, (404) 266-6000; or from Robertson, Stephens & Company, One Embarcadero Center, Suite 3100, San Francisco, California 94111, (415) 781-9700.
 -0- 1/25/93
 /CONTACT: V. Hollis Scott, Senior Vice President, Treasurer and Secretary, The Cato Corporation, 704-551-7266/
 (CACOA)


CO: The Cato Corporation ST: North Carolina IN: REA SU: OFR

DF -- CH005 -- 8460 01/25/93 11:50 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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