GUS MAKES 8.2 MLN STG AGREED OFFER FOR PANTHERELLA

  Great Universal Stores Plc &lt;GUS.L> said
  it has made an agreed offer for &lt;Pantherella Plc>, valuing the
  company at 8.2 mln stg and each Pantherella ordinary share at
  205 pence.
      The offer is based on eight new "A" non voting ordinary
  shares in GUS plus 95.16 stg for every 100 ordinary
  Pantherella.
      The new GUS shares will not receive the eight pence per
  share interim dividend in respect of the year ending March
  1987, the statement said.
      GUS has received irrevocable undertakings to accept the
  offer in respect of 39.1 pct of Pantherella shares from the
  company's directors and their families.
      The Pantherella board estimates the company, which
  manufactures socks, will show a 1986 pretax profit of about
  690,000 stg.
  

