ALLEGHENY <AG> OFFICERS TO RUN COMPANY Allegheny International Inc said its chairman and chief operating officer will remain in their positions following the merger of the company with an affiliate of First Boston Corp. "It is expected that Oliver S. Travers will continue as chairman, president and Chief executive officer, and Thomas J. Albani will continue as chief operating officer," said an Allegheny spokesman. Allegheny today said it agreed to a buyout from First Boston at 24.60 dlrs per share. The transaction was valued at 500 mln dlrs. Its stock rose 8-5/8 to 24 in active trading.