	e f hutton efh starts purolator pcc bid e f hutton group inc said it has started its previously announced offer to purchase up to common shares of purolator courier corp at dlrs each in a newspaper advertisement the company said the offer proration period and withdrfawal rights will expire april one unless extended the offer is conditioned on receipt of at least purolator shares or a pct interest and is the first step in a merger agreement that has been approved by the purolator board hutton said it reserves the right to buy more than shares but has no present intention of doing so it said it may waive the condition that at least shares be tendered as long as it received at least a pct interest if it were to receive fewer shares than that it said it would only purchase sharesd with the consent of purolator reuter 
