GOULD <GLD> REGISTERS TO OFFER PREFERRED
Gould Inc said it
registered to offer two mln shares of convertible exchangeable
preferred stock.
    Gould said the proposed new issue will be underwritten by
First Boston Corp and Kidder, Peabody and Co Inc.
    In a registration statement filed with the Securities and
Exchange Commission, Gould said the shares will be convertible
at any time into Gould common.
    The shares also will be exchangeable into Gould convertible
subordinated debentures at a rate of 50 dlrs principal amount
per debenture.
 Reuter
