	clevite clev gets dlr shr offer clevite industries inc said it received a written proposal from j p industries inc jpi seeking to buy all of its outstanding shares for dlrs a share clevite s stock was trading on nasdaq at j p industries recently completed the uisition of clevite s engine parts division j p industries said its proposed transaction would be financed through borrowings under its available bank lines and a bridge financing facility which donaldson lufkin and jenrette securities corp agreed to arrange to expedite the transaction j p industries said it would be willing to start a cash tender for clevite s shares within five days after agreeing upon a definitive merger and confirmation of clevite s financial results and condition reuter 
