GENERAL BUILDING INITIAL SHARE OFFER UNDER WAY
<General Building Products Corp> is
offering one mln shares of stock at 11 dlrs a share, said
co-managing underwriters, PaineWebber Inc and Ladenburg
Thalmann and Co Inc.
    Proceeds from the offering will be used to repay short-term
debt, to finance the opening of new locations and as working
capital, they said.
    The company, headquarted in Medford, N.Y., sells lumber and
building supplies to building contractors and, through retail
outlets, to consumers.
 
 Reuter
