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VALHI INC. AMENDS NOTE OFFERING

 DALLAS, Aug. 16 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced today that Valcor Inc., a wholly owned subsidiary, has amended its registration statement on file with the Securities and Exchange Commission in connection with a proposed public offering of $75 million principal amount of Senior Notes due 2003 (the "Notes"). As announced in July, Medite Corp., a wholly owned subsidiary of Valcor, completed a $90 million bank credit facility and, as a result, the amount of the proposed offering of the notes has been reduced from $125 million to $75 million. It is expected that $50 million of the proceeds from the note offering will be distributed to Valhi and the balance will be used for general corporate purposes. Valhi intends to use the distribution to retire the remaining outstanding balance of its 12 1/2 percent Senior Subordinated Notes due 1998.
 Subject to review by the SEC, Valcor intends to offer the notes, only pursuant to a final prospectus, in a public offering through underwriters led by Morgan Stanley & Co. Inc. and Merrill Lynch & Co. The registration statement relating to the notes has not yet become effective. The notes may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Valcor, headquartered in Dallas, is engaged in the forest products, fast food and hardware products industries.
 Valhi, also headquartered in Dallas, is a diversified company engaged in the refined sugar industry and, through Valcor, in the forest products, fast food and hardware products industries. Valhi is also indirectly engaged in the chemicals and titanium metals industries through its equity interests in two publicly traded affiliates, NL Industries Inc. and Tremont Corp. Valhi's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "VHI."
 -0- 8/16/93
 /CONTACT: William C. Timm, VP-finance and administration of Valhi, 214-450-4212/
 (VHI)


CO: Valhi Inc. ST: Texas IN: PAP CHM SU: OFR

JL-MF -- LA020 -- 3106 08/16/93 13:13 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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