MARTIN PROCESSING &lt;MPI> ACCEPTS COURTAULDS BID
  Martin Processing Inc said its
  board approved an agreement to be acquired by Courtaulds Plc
  &lt;COU.L> for 20 dlrs a share.
      The company said the transaction is valued at more than 99
  mln dlrs, based on its 4,963,620 shares of stock outstanding.
      It said Courtaulds has privately agreed to purchase a
  majority of Martin's common from trusts established by Julius
  Hermes for 20 dlrs a share. It said Courtaulds intends to
  conduct a tender offer for all the Martin stock it does not
  own, beginning as soon as necessary documents are prepared.
  

