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WHEELING-PITTSBURGH ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

 NEW YORK, Feb. 23 /PRNewswire/ -- Wheeling-Pittsburgh Corporation (NYSE: WHX) announced today that it has filed a registration statement for a public offering of 10,000,000 shares of common stock.
 Of the 10,000,000 shares, 7,000,000 are being offered by Wheeling-Pittsburgh Corporation and 3,000,000 are being offered by certain stockholders of the company. Of the 10,000,000 shares of common stock, 8,500,000 shares are being offered in the United States and 1,500,000 shares are being offered in a concurrent international offering outside the United States and Canada, subject to transfers between the U.S. underwriters and the international underwriters. The outstanding shares of common stock of Wheeling-Pittsburgh Corporation are, and the shares of common stock offered will be, listed under the symbol "WHX" on the New York Stock Exchange.
 Salomon Brothers Inc and Merrill Lynch & Co. will be co-managers of the United States offering and Salomon Brothers International Limited and Merrill Lynch International Limited will be co-managers of the international offering.
 The company will use the net proceeds from the sale of the 7,000,000 shares of common stock to repay borrowings under the revolving credit facility. The company will not receive any proceeds from the sale of common stock offered by the selling stockholders.
 Wheeling-Pittsburgh Corporation is the eighth-largest domestic integrated steel manufacturer with annual shipments of 2.1 million tons.
 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 press release 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.
 Copies of the preliminary prospectus may be obtained from Salomon Brothers Inc., 7 World Trade Center, New York, N.Y. 10048, or Merrill Lynch & Co., World Financial Center - North Tower, 1250 Vesey St., New York, N.Y. 10281.
 -0- 2/23/93
 /CONTACT: Gregg Warren of Wheeling-Pittsburgh Corporation, 304-234-2440/
 (WHX)


CO: Wheeling-Pittsburgh Corporation ST: West Virginia IN: MNG SU: OFR

CD-AL -- PG012 -- 9494 02/23/93 14:17 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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