STONE <STO> FILES FOR SECONDARY OFFERING
Stone Container Corp said it filed a
registration statement for a secondary offering of 1,933,453
shares of its common stock.
    It said the shares and warrants originally were issued to
Champion International Corp, a holder of 1,633,453 shares of
Stone common stock and warrants to buy an additional 300,000
common shares, in connection with the February, 1986
acquisition by the company of a major portion of Champion's
Brown Papers System.
    Stone said it will receive 9.75 mln dlrs from underwriters
as a result of their exercise of the warrants.
 Reuter
