AMAX <AMX> FILES TO OFFER 15.8 MLN SHARES
AMAX Inc said it has filed for
an offering of 15,757,350 common shares, including 757,300 to
be sold by Mitsui and Co Ltd <MITSY>.
    AMAX said it will offer 12,607,350 shares in the U.S.
through underwriters led by First Boston Inc <FBC>, along with
American Express Co's <AXP> Shearson Lehman Brothers Inc
subsidiary, <Goldman, Sachs and Co> and Merrill Lynch and Co
Inc <MER>.
    Remaining shares will be sold outside the U.S. through
underwriters led by First Boston's Credit Suisse First Boston
Ltd affiliate, Shearson, Goldman Sachs and Merrill Lynch.
    AMAX said it will use its proceeds to reduce revolving
credit debt and repurchase or repay from time to time other
debt.
 Reuter
