DOWTY TO BUY BOEING UNIT FOR 42.5 MLN DLRS
Dowty Group Plc <DWTY.L> said it agreed
to buy <Hydraulic Units Inc> from Boeing Co <BA.N> for around
42.5 mln dlrs cash.
    The final sum payable would be adjusted according to
changes in net tangible assets between March 29 and completion,
due on July 1. Payment would be financed through medium-term
borrowings.
    Hydraulic reported 4.3 mln dlrs pretax profit in the year
to end-December 1986 on sales of 53.2 mln. It designs,
manufactures and sells hydraulic and mechanical systems to
airframe manufacturers.
 REUTER
