Printer Friendly

THE LTV CORPORATION ANNOUNCES STOCK OFFERING

 CLEVELAND, Nov. 11 /PRNewswire/ -- The LTV Corporation (NYSE: LTV) announced today the offering of 20 million shares of common stock at $13.75 per share by a group of U.S. underwriters led by Salomon Brothers Inc., Goldman, Sachs & Co. and Smith Barney Shearson Inc., and a group of international underwriters led by Salomon Brothers International Limited, Goldman Sachs International Limited and Smith Barney Shearson Inc. All shares offered are being sold by the company, which has also granted the U.S. and international underwriters options to purchase up to 2,550,000 and 450,000 additional shares, respectively, to cover over- allotments, if any.
 LTV is the third largest steel operation in the United States, the second largest domestic producer of flat rolled steel and the largest U.S. producer of coated and cold and hot rolled sheet for the automotive, appliance and electrical equipment markets.
 -0- 11/11/93
 /CONTACT: Mark R. Tomasch, 216-622-4635, or (investors) Eric W. Evans, 216-622-5680, both for LTV/
 (LTV)


CO: LTV Corporation ST: Ohio IN: MNG SU: OFR

CK -- NY085 -- 3462 11/11/93 19:04 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 11, 1993
Words:184
Previous Article:GULF STATES UTILITIES CO. DECLARES REGULAR QUARTERLY PAYMENT OF STOCK DIVIDENDS
Next Article:AUTOCLAVE ENGINEERS ANNOUNCES REGULAR QUARTERLY DIVIDEND
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters