HEES INTERNATIONAL SETS 100 MLN DLR SHARE ISSUE
<Hees International Corp> said it filed
a preliminary prospectus in Canada for a 100 mln dlr issue of
1,000 class A preference shares, series G, priced at 100,000
dlrs a share.
    The preferred shares will carry a floating dividend rate
which will be determined in a monthly auction, it said.
    The issue is being bought by a group of underwriters
consisting of Dominion Securities Inc, Wood Gundy Inc, Merrill
Lynch Canada Inc, Gordon Capital Corp and Burns Fry Ltd.
    The issue raises total outstanding series G preferreds to
200 mln dlrs and total equity to more than 1.30 billion dlrs.
 Reuter
