MARTIN PROCESSING <MPI> ACCEPTS COURTAULDS BID Martin Processing Inc said its board approved an agreement to be acquired by Courtaulds Plc <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.