ACTON AUTO RENTAL INITIAL OFFERING STARTS
Lead underwriter McDonald and Co
Investments Inc <MDD> said an offering of 900,000 shares of
Action Auto Rental Inc is underway, priced at 12 dlrs per
share.
    Undewriters have been granted an option to purchase up to
another 135,000 shares to cover overallotments.
    The company is selling 697,500 shares and shareholders the
rest.
 Reuter
