BILZERIAN UPS PAY 'N PAK <PNP> STAKE TO 9.9 PCT
Investor Paul Bilzerian, who has
said he may seek control of Pay 'n Pak Stores Inc, said he
raised his stake in the company to one mln shares, or 9.9 pct
of the total, from 721,900 shares, or 7.2 pct.
    In a filing with the Securities and Exchange Commission,
Bilzerian and Bicoastal Financial Corp, a Tampa, Fla.,
investment firm he controls, said they bought 278,000 shares of
Pay 'n Pak common stock on March 26 and 27 at prices ranging
from 13.29 to 17.04 dlrs a share.
    Bilzerian last week said he was considering raising his
stake in the company, seeking a board seat or control.
 Reuter
