	banner bnr completes rexnord share purchase banner industries inc said it completed the previously announced purchase of rexnord inc rex it said it owns pct of rexnord s outstanding following the purchase of all rexnord s common validly tendered pursuant to its dlr per share cash tender offer ended february banner also said it received mln dlrs pursuant to a credit agreement with citicorp industrial credit inc and the bank of nova scotia and mln dlrs from an offering made through drexel burnham lambert inc the merger of rexnord with a subsidiary of banner will be copmleted before mid may the company said reuter 
