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VALHI SUSPENDS DIVIDEND

 DALLAS, June 10 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced today that it has suspended the payment of dividends on its common stock until further action by its board of directors. Such suspension is necessary since, as previously disclosed, no amounts are currently available for the payment of dividends under the restrictions contained in the indenture governing Valhi's 12 1/2 Percent Senior Subordinated Notes due in 1998.
 Valhi is currently considering various alternatives with respect to relieving the dividend restrictions, including refinancing the remaining $135 million principal amount of its 12 1/2 Percent Notes. Upon completion of such refinancing or alternative relief, the company will continue its policy of evaluating dividends and the amounts thereof based on the company's results of operations, financial condition, cash requirements for its businesses and other factors deemed relevant by the board of directors.
 Valhi, headquartered in Dallas, is a diversified company engaged in the refined sugar, 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- 6/10/93
 /CONTACT: William C. Timm, VP-Finance and Administration of Valhi, 214-450-4212/
 (VHI)


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

EH -- LA013 -- 0491 06/10/93 09:28 EST
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Publication:PR Newswire
Date:Jun 10, 1993
Words:237
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