MILLER TABAK HAS 91.8 PCT OF PENN TRAFFIC &lt;PNF>

  &lt;Miller Tabak Hirsch and Co> said it
  has received an accepted 3,424,729 common shares of Penn
  Traffic Co in response to its 31.60 dlr per share tender offer
  that expired Friday, and together with the 380,728 shares it
  already owned, it now has about 91.8 pct of Penn Traffic.
      The company said Penn Traffic is expected to hold a special
  shareholders' meeting later this month to approve a merger into
  Miller Tabak at the tender price.
      It said two Miller Tabak representatives will be named to
  the Penn Traffic board on March Four to serve as the only
  directors with Penn Traffic president and chief executive
  officer Guido Malacarne.
      The company said it received financing for the transaction
  from First National Bank of Minneapolis and Salomon Inc &lt;SB>.
  

