
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, May 22, 1990                   TAG: 9005220381
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A8   EDITION: METRO 
SOURCE: 
DATELINE: DALLAS                                LENGTH: Short

GREYHOUND TRIES TO BUY BACK OWN PUBLIC NOTES

In a sign of its deteriorating financial condition, Greyhound Lines offered Monday to repurchase most of its $225 million in publicly held notes for about $90 million.

Industry analysts said the proposal amounted to an attempt by Greyhound to persuade the note holders to accept the lower payments rather than face a more uncertain outcome if Greyhound tried to reorganize under Chapter 11 of the Federal Bankruptcy Code.

- The New York Times

by CNB