METROPOLITAN <MONY.O> TO MAKE OFFER FOR METEX
Metropolitan Consolidated Industries Inc
said it will make a tender offer for all or any of the
outstanding shares of common stock of Metex Corp <MTX> not
currently held by or under option to Metropolitan for 7.75 dlrs
per share.
    The company said the offer will be subject ot securing
satisfactory financing.
    Metropolitan currently owns about 25.7 pct of Metex common
and holds options to purchase about an additional 16 pct of
Metex common stock.
   
    Metropolitan said the offer will be made no later than
October 27.
 Reuter
