KAY &lt;KAY> TO ACQUIRE SPECIALTY FASTENER FIRM
  Kay Corp said its Balfour, Maclaine
  International Ltd subsidiary signed a letter of intent to
  acquire certain assets of a privately-owned distributor of
  specialty fasteners for about 13 mln dlrs plus management
  incentives, which it did not disclose.
      Kay said the firm has annual sales of about 15 mln dlrs.
      Kay also said it is pursuing private placement of debt
  securities for a number of corporate purposes.
  

