BIDDERS BUY SHARES OF EASTERN UTILITIES <EAU>
Eastern Utilities Associates <EAU> said
PaineWebber Inc, Prudential-Bache Capital Funding and A.G.
Edwards and Sons Inc, were the successful bidders for one mln
of its common shares offered at 36-5/8 dlrs per share.
    Eastern said it has about 11.7 mln common shares
outstanding.
    As previously reported, Eastern said it will use the
proceeds from the sale to reduce or eliminates its short-term
debt.
 Reuter
