WAXMAN INDUSTRIES <WAXM> TO SELL CONVERTIBLES
Waxman Industries Inc said it filed
with the Securities and Exchange Commission a registration
statement covering a 25 mln dlr issue of convertible
subordinated debentures due 2007.
    Proceeds will be used to repay short-term indebtedness and
for general corporate purposes, which may include acquisitions,
Waxman said.
    The company named Drexel Burnham Lambert Inc as sole
underwriter of the offering.
 Reuter
