TENDER FOR ALLEGHENY INT'L <AG> UNDERWAY
First Boston Inc's <FBC> Sunter
Acquisition Corp said it began its previously announced 24.60
dlr per share tender offer for Allegheny International Inc's
common stock.
    The company is also offering 20 dlrs for each 2.19 dlr
cumulative preferred share, and 87.50 dlrs for each share of
11.25 dlr convertible preferred stock.
    The company said the offer and withdrawal rights will
expire at midnight April nine unless extended.

 Reuter
