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THE GEON COMPANY COMMENCES PUBLIC OFFERING

 AKRON, Ohio, April 29 /PRNewswire/ -- The BFGoodrich Company (NYSE: GR) today announced the initial public offering of shares of its wholly owned subsidiary, The Geon Company.
 The offering involves 13 million shares at $18 per share. Goodrich will receive approximately $220 million from the initial public offering before taxes. In addition, Goodrich has received $160 million in a special tax-free distribution from The Geon Company. The Geon Company will not receive any of the proceeds from the offering.
 BFGoodrich intends to invest the net proceeds of the initial public offering to expand its aircraft systems, components and services and specialty chemicals businesses.
 The shares of The Geon Company will be listed on the New York Stock Exchange under the symbol GON. Following the initial public offering, BFGoodrich will own approximately 50 percent of The Geon Company's outstanding common stock (42.5 percent if underwriters' over-allotment options are exercised in full). Goldman, Sachs & Co. is the managing underwriter for the offering.
 The Geon Company is a leading North American producer of polyvinyl chloride (PVC) resins and compounds that are sold to customers for a variety of applications, including construction products, business machine components and appliance parts. Headquartered in Independence, Ohio, Geon operates 13 manufacturing facilities in the United States, Canada and Australia.
 The BFGoodrich Company, headquartered in Bath, Ohio, is one of the world's leading providers of aircraft systems, components and services and manufactures a wide range of specialty chemicals. Virtually every airplane flying in the world today can be equipped or serviced by BFGoodrich Aerospace. BFG specialty chemicals are used in such products as pharmaceuticals, cosmetics, personal-care items, printing and textile inks, sealants, fire sprinkler piping systems, adhesives and specialty coatings for building maintenance and construction. Sales from BFG's aircraft services, components and services and specialty chemicals businesses during 1992 were $1.6 billion. BFGoodrich employs about 10,700.
 -0- 4/29/93
 /CONTACT: Rob Jewell, media, 216-374-2999; or Bob McMillan, investor, 216-374-3462, both of The BFGoodrich Company; or Tom Waltermire, investor, The Geon Company, 216-447-6464/
 (GR GON)


CO: The BFGoodrich Company; The Geon Company ST: Ohio IN: CHM ARO SU: OFR

BM -- CL004 -- 2492 04/29/93 09:34 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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