STOCKHOLDERS WON'T PURSUE CONTINENTAL <CUO> BID
Continental Associates, a group of four
shareholders who hold about 5.02 pct of of Continental
Materials Corp stock, said it will not pursue a tender offer
for all of its shares.
    The shareholders said they were told that Continental
Materials directors had no interest in selling the company.
    Late yesterday, Continental Materials board said it decided
not to give further consideration to a "business combination"
proposed by the group of St. Louis businessmen.
 Reuter
