ATARI <ATC> CANCELS DOMESTIC DEBT OFFERING
Atari corp said it has
canceled a planned 75 mln dlr domestic offering of convertible
subordinated debentures in favor of an overseas offering.
    Yesterday, in London, lead underwriter PaineWebber Group
Inc <PWJ> announced a planned offering of 75 mln dlrs of Atari
convertible debentures due 2002 with an indicated coupon of
five to 5-1/4 pct.
    Atari said the debentures will not be available for U.S.
resal until at least 90 days after completion of the offering
abroad.
 Reuter
