<RENOUF CORP> TO PROCEED WITH BENEQUITY <BH> BID
Renouf Corp of New Zealand said it
has decided to proceed with its offer for all outstanding units
of Benequity Holdings at 31 dlrs per unit.
    The company had been required to redice by March Two
whether to proceed with the offer or terminate it, based on its
ability to obtain financing and on its review of Benequity
operations.  The offer is to expire March 13.
 Reuter
