NEW JERSEY RESOURCES <NJR> FILES TO OFFER STOCK
New Jersey Resources Corp said it
filed with the Securities and Exchange Commission to offer 1.3
mln common shares through managing underwriters Merrill Lynch
Capital Markets and E.F. Hutton and Co.
    The utility holding company said the offering should be
completed in late March or early April.
    Net proceeds will be used to reduce debt at the company's
main subsidiary, New Jersey Natural Gas Co.

 Reuter
