TIGER INTERNATIONAL <TGR> PAYS INTEREST IN STOCK
Tiger International Inc said it
will pay the interest due April 1 on its 11-1/2 pct Sinking
Fund debentures by distributing common stock.
    Each debenture holder will receive the number of whole
shares of Tiger common stock obtained by dividing the interest
payable by 90 pct of the average closing price of the stock
from February  18 through March 17. Fractions will be paid in
cash.
    The company said about 165,000 shares of Tiger common stock
will be issued in connection with the interest payment.
 Reuter
