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WEAN INCORPORATED ANNOUNCES EXTENSION OF EXCHANGE OFFER FOR DEBENTURES

 PITTSBURGH, Dec. 15 /PRNewswire/ -- Wean Incorporated (NYSE: WID) announced today that the exchange offer presently being conducted with respect to its 5-1/2 percent Convertible Subordinated Debentures due March 1, 1993, is being extended from December 16, 1992, to February 5, 1993. All other terms of the exchange offer remain the same.
 The Company is offering to exchange a new 8 percent Convertible Senior Subordinated Note in the principal amount of $100 for each $100 in principal amount of the Company's 5-1/2 percent Convertible Subordinated Debentures currently outstanding which total $12,033,000. The new notes are convertible into common stock of the Company, will mature in 2004, and have the benefit of a sinking fund commencing in 1997. Debentureholders who participate in the exchange offer will receive an increase in the interest rate they receive from 5-1/2 percent to 8 percent.
 Approximately $1,513,700 in principal amount of old debentures have been tendered to date.
 -0- 12/15/92
 /CONTACT: R.J. Wean III of Wean Incorporated, 412-456-5300/
 (WID)


CO: Wean Incorporated ST: Pennsylvania IN: MNG SU:

LJ-MP -- PG003 -- 7089 12/15/92 10:01 EST
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Publication:PR Newswire
Date:Dec 15, 1992
Words:190
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