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VARLEN CORPORATION ANNOUNCES PROPOSED PRIMARY AND SECONDARY OFFERING OF COMMON STOCK

 VARLEN CORPORATION ANNOUNCES PROPOSED PRIMARY AND SECONDARY
 OFFERING OF COMMON STOCK
 NAPERVILLE, Ill., Aug. 28 /PRNewswire/ -- Varlen Corp. (NASDAQ: VRLN) announced it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 1,800,000 shares of common stock, of which 1,000,000 shares would be sold by the company and 800,000 shares would be sold by the Dyson-Kissner-Moran Corp., the principal and founding stockholder of the company. The company will apply the proceeds from the sale of the shares being sold by it to the reduction of its deutschemark-denominated debt.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities 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 these securities 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.
 Varlen designs, manufactures and markets engineered industrial products, primarily for specialized applications in the transportation and laboratory equipment markets.
 -0- 8/28/92
 /CONTACT: Richard L. Wellek, president and CEO, Richard A. Nunemaker, vice president-finance and CFO of Varlen Corp., 708-420-0400, or Nicholas G. Biro of O'Connor Biro & Associates, 708-498-2284, for Varlen/
 (VRLN) CO: Varlen Corp. ST: Illinois IN: SU: OFR


AH -- NY079 -- 4683 08/28/92 18:38 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
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