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USX CORPORATION SELLS STOCK

 PITTSBURGH, Feb. 12 /PRNewswire/ -- USX Corporation has sold 6 million shares of its 6.50 percent cumulative convertible preferred stock (NYSE: X pfd A) to a group of underwriters led by Goldman, Sachs & Co., The First Boston Corporation, and Lehman Brothers.
 Shares of the preferred stock are convertible into 1.084 shares of USX-U.S. Steel Group common stock at a price of $46.125. The shares are to be sold at a price of $50.00. Proceeds, which are expected to approximate $300 million ($345 million if the overallotment option is fully exercised), less expenses of the offering, will be used for the general business purposes of the U.S. Steel Group. Delivery of the shares of preferred stock is expected to be made on or about Feb. 22, 1993.
 USX Corporation is a diversified energy and steel company. Its businesses include U.S. Steel Group (NYSE: X), Marathon Group (NYSE: MRO) and Delhi Group (NYSE: DGP).
 /delval/
 -0- 2/12/93
 /CONTACT: William E. Keslar or Don H. Herring of USX Corporation, 412-433-6870/
 (X MRO DGP)


CO: USX Corporation; USX-U.S. Steel Group ST: Pennsylvania IN: MNG SU:

DM -- PG003 -- 6084 02/12/93 10:21 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:199
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