	e f hutton efh unit s purolator offer expires e f hutton lbo inc said the tender offer by its wholly owned unit pc uisition inc for purolator courier corp pcc expired at edt yesterday without the purchase of any purolator common stock hutton added that pc uisition also terminated its merger agreement with purolator hutton said the offer which had been conditioned upon the tender of at least purolator shares or about two thirds of the outstanding shares was terminated because the minimum number of shares was not tendered purolator had entered into a definitive agreement with pc uisition part owned by e f hutton lbo inc a unit of e f hutton and some officers of purolator s u s courier division in which pc offered to purchase purolator common stock shares for dlrs a share following that move pc uisition planned to merge a subsidiary into purolator converting all outstanding purolator common it did not own into an aggregate mln dlrs principal amount of pct guaranteed debentures due and warrants to purchase pct of a purolator unit comprised of purolator s u s courier operations hutton said as of edt yesterday about shares of purolator common stock or about pct of the outstanding shares had been validly tendered and not withdrawn pc uisition has instructed its depository for the offer to return promptly the purolator stock deposited by or on behalf of tendering shareholders hutton said reuter 
