ARVIN <ARV> RAISES NUMBER OF AUTHORIZED SHARES
Arvin Industries Inc said its
shareholders at the annual meeting voted to increase authorized
common shares to 50 mln from 30 mln.
    The company told shareholders that the offering of 1.7 mln
common shares in January raised 50 mln dlrs, and the 500 shares
of variable rated preferred stock offered in February also
raised 50 mln dlrs. The company said it also placed 150 mln
dlrs in long-term debt in March.
 Reuter
