ALLEGHENY LUDLUM FILES INITIAL PUBLIC OFFERING
<Allegheny Ludlum Corp> said it
filed with the Securities and Exchange Commission for an
initial public offering of 6,265,000 common shares.
    The company said it is offering 4.4 mln primary shares and
765,000 secondary shares in the U.S., and 1.1 mln primary
shares overseas. Goldman Sachs and Co will manage the U.S.
offering and Goldman Sachs International Corp will manage the
international side of the offering.
    Proceeds from the sale will be used to reduce debt. The
company makes specialty steel and metels and said it is one of
the largest U.S. makers of stainless steel.

 Reuter
