METEX <MTX> CHAIRMAN SELLS SHARES
Metex Corp said its chairman and
chief executive officer Alan Cohen sold 78,375 shares of Metex
common stock to Metropolitan Consolidated Industries Inc
<MONY>.
    The company said the selling price was 11.25 dlrs per share
with an option for Metropolitan Consolidated Industries to
purchase up to 42,750 shares more at the same price.
    Metex also said Mason Carter was elected president and
chief operating officer of the company. Carter joined Metex in
1982, where he was formerly its executive vice president.
    In addition, Attilio Petrocelli, president of Metropolitan,
was named to fill a vacancy on the Metex board of directors,
the company said.
    Metropolitan owns 21 pct of Metex common stock, the company
said.
 Reuter
