TPI ENTERPRISES <TELE.O> CHAIRMAN IN STOCK BUY
TPI Enterprises Inc said chairman and
chief executive officer Stephen R. Cohen may be one of the
partners in a partnership formed by AMC Entertainment Inc <AEN>
and Phillip E. Cohen to own 6,275,144 TPI shares.
    Yesterday AMC announced that it and Cohen had agreed to buy
the shares from Rank America Inc for six dlrs each. Cohen was
formerly a TPI director.
    TPI said under the terms of its sale of the shares to Rank,
it has a 30-day option to purchase the shares Rank proposes to
sell to AMC and Cohen for the same price. It said its board
will consider whether or not to exercise the option.
 Reuter
