	woolworth z completing tender offer fw woolworth and co said that shares of armel inc s aml common stock were tendered to and accepted for payment by woolworth under the terms of the previosuly announced cash tender offer which expired at midnight edt on october in addition woolowrth said armel shares have been tendered subject to guaranteed delivery woolowrth said as a result of the tender offer and options which it has exercised to purchase armel stock fww uisiton corp a woolworth unit today expects to own about pct of amrel s outstanding stock woolworth said the percent it owns does not include class a shares of armel which were tendered or will be purchased pursuant to the options as previuosly announced fww will now proceed with the cash merger in which all shares of armel other than those held by fww or woolworth will be entitled to receive dlrs per share woolworth said it expects to consummate the deal later this year armel is a specialty retailer of a broad line of athletic and leisure footwear accessories and other sportswear reuter 
