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VARITY FOUR MILLION COMMON STOCK OFFERING PRICED AT $32.75

 BUFFALO, N.Y., June 11 /PRNewswire/ -- Varity Corporation (NYSE: VAT) announced that its offering of four million shares of common stock was priced yesterday at $32.75 per share, the closing price of the stock on the New York Stock Exchange on June 10. The net proceeds of the offering are estimated to be approximately $125 million. The closing date for the offering is scheduled for June 17. The offering is being underwritten by Smith Barney, Harris Upham & Co. Incorporated and Goldman, Sachs & Co.
 -0- 6/11/93
 /CONTACT: Jerry Hostetter of Varity Corporation, 716-888-8073/
 (VAT)


CO: Varity Corporation ST: New York IN: AUT SU: OFR

AR -- CL010 -- 1038 06/11/93 11:21 EST
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Publication:PR Newswire
Date:Jun 11, 1993
Words:115
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