BANNER "A" STOCK <BNR> EXCHANGED FOR "B" SHARES
Banner Industries Inc said 2,204,832
shares of its Class A common were tendered for exchange into
Class B common in response to an offer which expired February
27.
    The company pointed out its Class A common is traded on the
currently listed on any securities exchange. The company has
over 4.6 mln shares outstanding.
 Reuter
