SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): October 22, 1998 (10/21/98)
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-815 51-0014090
(State or Other Jurisdiction (Commission (I.R.S Employer
of Incorporation) File Number) Identification No.)
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant's telephone number, including area code: (302) 774-1000
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Item 5. Other Events
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In connection with Debt and/or Equity Securities that
may be offered on a delayed or continuous basis under
Registration Statements on Form S-3 (No. 33-53327, No. 33-61339
and No. 33-60069), we hereby file the following press release.
Contact: Susan Gaffney
DuPont
(302) 774-2698
Carlton Adams
Conoco
(281) 293-1043
CONOCO IPO PRICED AT $23 PER SHARE
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WILMINGTON, Del., and HOUSTON, Oct. 21 -- DuPont
(NYSE:DD) and Conoco Inc. (NYSE Proposed: COC) announced today
that the initial public offering of 191,456,427 shares of Conoco
Class A common stock has been priced at $23.00 per share. Of
the total offering, 172,456,427 shares are being offered
initially in the United States and Canada, and 19,000,000 shares
are being offered outside the United States and Canada. Net
proceeds of the offering, expected to be $4.2 billion will be
used to repay outstanding indebtedness to DuPont.
Following completion of the offering, there will be
191,456,427 shares of Conoco Class A common stock outstanding,
all of which will be publicly held, and 436,543,573 shares of
Conoco Class B common stock outstanding, all of which will be
indirectly owned by DuPont. DuPont will thus indirectly own
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approximately 70 percent of Conoco common stock, which will
represent approximately 92 percent of the combined voting power
of all classes of common stock.
The representatives of the underwriters of the offering
are Morgan Stanley Dean Witter; Credit Suisse First Boston;
Goldman, Sachs & Co.; Merrill Lynch & Co.; J. P. Morgan & Co.;
Salomon Smith Barney; BT Alex. Brown; and Schroder & Co. Inc.
Conoco, active in 40 countries, is a fully integrated
energy company involved in exploration, production, refining,
marketing, transportation and power.
This announcement does not constitute an offer to sell
or the solicitation of an offer to buy the Class A common stock.
The offering of these securities will be made only by means of a
prospectus, copies of which may be obtained from Morgan Stanley
Dean Witter, 1585 Broadway, New York, New York 10036.
10/22/98
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
E. I. DU PONT DE NEMOURS AND COMPANY
(Registrant)
/s/D. B. Smith
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D. B. Smith
Assistant Controller
October 22, 1998
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