CONRAC <CAX> REJECTS MARK IV <IV> OFFER
Conrac Corp said its board has
rejected MArk IV Industries Inc's tender offer for all Conract
shares at 25 dlrs each, and no Conract director of officer
plans to tender any shares.
    The company said financial advisor <Goldman, Sachs and Co>
determined the price to be inadequate.
    It said its board has instructed management to explore and
develop with financial and legal advisors alternative courses
of action to maximize shareholder values.
 Reuter
