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THE HALLWOOD GROUP ANNOUNCES EXPIRATION OF EXCHANGE OFFER AND OFFER TO PURCHASE

 DALLAS, March 1 /PRNewswire/ -- The Hallwood Group (NYSE: HWG) announced today that its Exchange Offer for its 13.5 percent subordinated debentures due July 31, 2009 (original series) and its Offer to Purchase for cash its 13.5 percent subordinated debentures due July 31, 2009 (1991 series and 1992 series) expired at 5:00 p.m., New York City time, on March 1, 1993.
 The company estimates that approximately $27,471,000 (60 percent) principal amount of the original series debentures, approximately $3,640,000 (61 percent) principal amount of the 1991 Series Debentures and approximately $4,374,000 (64 percent) principal amount of the 1992 series debentures have been properly tendered for exchange or purchase and not withdrawn.
 -0- 3/1/93
 /CONTACT: Mary Doyle, investor relations of The Hallwood Group, 800-225-0135, or 214-528-5588/


CO: The Hallwood Group ST: Texas IN: FIN SU: OFR

TM -- NY114 -- 1699 03/01/93 20:58 EST
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Publication:PR Newswire
Date:Mar 1, 1993
Words:154
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