CRANE <CR> TO REDEEM CONVERTIBLE DEBENTURES
Crane Co said it will redeem on March
31 all 75 mln dlrs of its outstanding 8-3/4 pct convertible
senior debentures due October 1, 2005 at 107.875 pct.
    It said accrued interest to March 31 will be paid on that
date to holders of record as of March 15.  The debentures may
be converted into common stock at 28.80 dlrs per share through
March 24.
 Reuter
