	e f hutton efh extends purolator pcc offer e f hutton group s e f hutton lbo inc unit said it extended the expiration date for its dlr per share tender offer for purolator courier corp to midnight est april six from midnight april one e f hutton lbo inc said its wholly owned pc uisition inc subsidiary which is the entity making the offer extended both expiration date and the withdrawal rights period for its pending tender for mln shares or pct of purolator common hutton s offer was topped today by a dlr per share bid for pct of the stock from emery air frieght corp eaf both offers would pay shareholders a package of securities for the balance of their shares valued at the respective tender offer prices hutton said as of the end of the day yesterday about shares of purolator common stock repesenting pct of outstanding shares had been validly tendered and not withdrawn manhattan supreme court justice lewis grossman today adjourned until monday a hearing on a stockholder suit seeking to block the hutton lbo transaction the judge told attorneys he needed time to hear other cases plaintiffs cited their belief that a superior offer would be forthcoming however one company mentioned in an affadavit interlink express plc denied that it was interested yesterday frank hoenemeyer a retired vice chairman of prudential insurance co and currently a purolator board member said an initial offer from hutton was rejected by the board of directors february third hoenemeyer testified that by the next meeting of the board february hutton submitted a revised proposal which was accepted he also testified a committee of directors had hired goldman sachs and co to consider alternatives to the hutton offer and also to consider a discussion of possible mergers with other companies including emery and federal express corp fdx reuter 
