KOHLBERG KRAVIS HAS 96 PCT OWENS-ILLINOIS &lt;OI>

  OII Holdings Corp, a company formed by
  Kohlberg Kravis Roberts and Co, said it received and purchased
  about 58.3 mln shares or 96 pct of Owens-Illinois Inc common
  stock and 50,275 of 4.75 dlr cumulative convertible preference
  shares of Owens, or about 83 pct.
      The company said its tender offer for all common and
  preference shares expired last night. It said Owens-Illinois
  will be merged into a subsidiary of OII Holdings on March 24.
  Common shares not bought in the offer will be converted into
  the right to receive 60.50 dlrs per share in cash, the tender
  price.  The preference stock has been called.
  

