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WABASH NATIONAL CORPORATION ANNOUNCES SALE OF 2 MILLION SHARES BY PRINCIPAL HOLDERS

 WABASH NATIONAL CORPORATION ANNOUNCES SALE OF 2 MILLION SHARES
 BY PRINCIPAL HOLDERS
 LAFAYETTE, Ind., Feb. 7 /PRNewswire/ -- Wabash National Corporation (NYSE: WNC) announced today the sale of 2 million shares of common stock by certain principal stockholders of the company, through an underwriting syndicate led by Alex. Brown & Sons Incorporated. The stock was sold at a price per share of $23.875. 1,732,000 shares were sold by certain non-management holders with the balance being sold by members of the company's senior management team. These members of the company's senior management have retained approximately 82 percent of their stockholdings in the company.
 The company did not sell any shares in the offering and, therefore, did not receive any of the proceeds from the offering. In addition to the 2 million shares offered by the selling stockholders, the stockholders have granted to the underwriters an option to purchase up to an additional 300,000 shares to cover over-allotments.
 Commenting on the sale, Donald J. Ehrlich, president and chief executive officer, stated: "We are pleased that we have been able to expand the ownership base of the company and continue to be excited about the company's prospects. We remain focused on our successful product line introductions as well as building the aftermarket parts business, in order to further distinguish Wabash from its competitors."
 Wabash National Corporation designs, manufactures and markets standard and customized truck trailers. The company believes that it is among the three largest U.S. manufacturers of truck trailers, the leading manufacturer of both fiberglass reincorced plastic trailers and aluminum plate trailers, and, through its RoadRailer Division, a leading manufacturer of bimodal vehicles.
 -0- 2/7/92
 /CONTACT: Donald J. Ehrlich of Wabash National Corporation, 317-448-1591/
 (WNC) CO: Wabash National Corporation ST: Indiana IN: TRN SU: OFR


DS-MK -- DC013 -- 7862 02/07/92 15:08 EST
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Publication:PR Newswire
Date:Feb 7, 1992
Words:307
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