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VALHI COMPLETES DEBT OFFERING

 VALHI COMPLETES DEBT OFFERING
 DALLAS, Nov. 6 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced


today that Merrill Lynch & Co., as underwriter, has exercised its over-allotment option in connection with Valhi's previously announced public offering of zero-coupon, liquid yield option notes ("LYONs") due 2007. Valhi sold $379,040,000 aggregate principal amount at maturity of the LYONs, including $49,440,000 aggregate principal amount at maturity of the LYONs pursuant to the over-allotment option, for an aggregate issue price of $97,636,914. Each $1,000 in principal amount at maturity of the LYONs is exchangeable for 36.077 shares of Baroid Corp. common stock. The LYONs are traded on the New York Stock Exchange under the symbol "VALL.F."
 Valhi Inc., headquartered in Dallas, is a diversified company engaged in the refined sugar, forest products, fast food and hardware products industries and, indirectly through publicly traded NL Industries Inc. and Tremont Corp., in the chemicals, titanium metals and bentonite mining industries. Valhi's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "VHI." Baroid's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "BRC."
 -0- 11/6/92
 /CONTACT: William C. Timm, VP-finance and administration, of Valhi, 214-450-4212/
 (VHI) CO: Valhi Inc.; Baroid Corp. ST: California IN: FOD PAP SU: OFR


BP-JB -- LA020 -- 8260 11/06/92 15:14 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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