WITCO CORP <WIT> OFFERS DEBENTURES
Witco Corp said it is offering 140 mln
dlrs of 5-1/2 pct convertible subordinated debentures due 2012
through co-managing underwriters Smith Barney Harris Upham and
Co and Goldman Sachs and Co.
    Each debenture is convertible into the company's common
stock at a rate of 54.55 dlrs per share, which represents a
conversion premium of about 25.8 pct over the last sale price
of 43-3/8 per share yesterday, it said.
    Proceeds will be used to finance acquisitions and for
general purposes. The company said it has no agreements for and
is not in talks regarding any acquisitions.
 Reuter
