&lt;RENOUF CORP> TO PROCEED WITH BENEQUITY &lt;BH> BID

  Renouf Corp of New Zealand said it
  has decided to proceed with its offer for all outstanding units
  of Benequity Holdings at 31 dlrs per unit.
      The company had been required to redice by March Two
  whether to proceed with the offer or terminate it, based on its
  ability to obtain financing and on its review of Benequity
  operations.  The offer is to expire March 13.
  

