&lt;PLUM HOLDING INC> STARTS HOILLY SUGAR &lt;HLY> BID
  Plum Holding Inc said it has started its
  previously-announced offer to purchase 664,400 common shares of
  Holly Sugar Corp at 95 dlrs each.
      In a newspaper advertisement, the firm said the offer,
  proration period and withdrawal rights expire November 17
  unless extended. The offer, which has been approved by the
  Holly board and is to be followed by a merger in which
  remaining shares are to be exchanged for cumulative redeemable
  exchangeable preferred stock, is conditioned on receipt of at
  least 664,400 shares, which would give Plum a two thirds
  interest, and the receipt of financing.
  

