An investor group led by New York money manager Mario Gabelli said it raised its stake in Allegheny International to the equivalent of 1026261 shares or 9.4 pct of the total from 884061 shares or 8.2 pct. In a filing with the Securities and Exchange Commission Gabelli and companies he controls said they bought a total of 142200 Allegheny common shares between March 30 and April 22 at prices ranging from 24.125 to 24.875 dlrs a share. The stake which includes some 11.25 dlr cumulative preferred stock was bought solely for investment purposes and not to seek control of the company the group said.
GABELLI GROUP LIFTS ALLEGHENY INT'L <AG> STAKE