DALLAS - First USA Inc. has filed with the Securities and Exchange Commission for a secondary public offering of 8 million common shares.

The company said shares will be offered by institutional shareholders, primarily Merrill Lynch Capital Partners Inc. and Merrill Lynch & Co., that participated in the management-led buyout of the company in 1989.

The company said the offering would reduce the combined stake held by the Merrill units to about 4.3% of its common shares, from 16.9%.

First USA had 55.5 million common shares outstanding at Dec. 31, a spokesman said.

He said First USA will neither issue shares nor receive any proceeds from the offering.

The company said 6.4 million shares will be offered in the U.S. and Canada.

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