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                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 2, 1993                   TAG: 9304020264
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

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IN BUSINESS

Staunton razor plant to offer public shares

American Safety Razor Co. of Staunton said Thursday it plans to go public with an offering of 4 million common shares at $15 to $17. The issue is being handled through Smith Barney, Harris Upham & Co. Inc., and Salomon Brothers Inc. An additional 1 million shares will be offered internationally.

Proceeds, estimated at $73.6 million, will be used to repay debt and redeem outstanding preferred and class B common stock, according to a Securities and Exchange Commission filing.

American Safety Razor had a 1992 loss of about $3.19 million, down from $40.32 million for 1991. It has applied to list its shares on NASDAQ under the symbol RAZR. - The New York Times

Martin Marietta wins GE merger approval

Martin Marietta Corp. on Thursday gained Justice Department approval of its merger with General Electric Aerospace.

The Justice Department said the Martin-GE Aerospace merger passed an antitrust review with no opposition four months after the defense giants unveiled their multibillion-dollar proposal.

Martin, based in Bethesda, Md., agreed in November to buy GE Aerospace of Fairfield, Conn., for $3.05 billion, creating the world's largest aerospace and electronics company with $10 billion in annual sales and about 94,000 employees.

GE will receive cash and $1 billion in convertible preferred stock in Martin Marietta. A spokesman for Martin said the deal would be closed today. - Knight-Ridder/Tribune

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