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Noble International Ltd. Begins Trading Today on Amex

19 November 1997

Noble International Ltd. Begins Trading Today on Amex

    NEW YORK, Nov. 19 -- The initial public offering of common
shares of Noble International, Ltd. began trading today on the American Stock
Exchange.
    Noble International, based in Bloomfield Hills, Michigan, is a full
service, independent supplier of automotive components, component assemblies
and value-added services to the automotive industry.  The company's customers
include original equipment manufacturers such as General Motors, Chrysler
Corporation, Ford Motor Company and Mitsubishi Motors Manufacturing of
America.
    The initial public offering, underwritten by BlueStone Capital Partners,
L.P. and Rodman & Renshaw, Inc., consists of 3.3 million shares with an
over-allotment option of 495,000 additional shares.  After completion of the
offering, assuming no exercise of the over-allotment option, the company will
have 7,225,006 shares outstanding.
    Trading under the ticker symbol NIL, the stock opened at $9.00 on 535,000
shares.  Spear, Leeds & Kellogg has been selected as the specialist unit for
the new listing.
    The American Stock Exchange is the nation's second largest stock exchange
and the only primary marketplace with a significant presence in both equities
and derivative securities.

SOURCE  American Stock Exchange