CHRYSLER &lt;C> HAS NO PLANS TO RAISE BID
  Chrysler Corp said it has no intention
  of increasing its offer for Electrospace Systems Inc &lt;ELE>.
      Chrysler agreed to purchase the Texas-based defense
  electronics contractor in a tender offer of 27 dlrs a share for
  a total value of about 367 mln dlrs.
      Eletrospace shares closed yesterday on the NYSE at 30-1/8.
      "We have no intention of increasing the offer," a company
  spokeswoman said. "We believe it is adequate and will be
  accepted."
      She said the proposed transaction was unanimously
  recommended by the board of directors and principal
  shareholders of Electrospace.
      Further, she noted that the 27 dlrs tender offer price is
  50 pct above the price of Electrospace's shares before April 30
  when it put itself up for sale.
  

