ALLIED-SIGNAL <ALD> COMPLETES UNIT SALES
Allied-Signal Inc said it
completed the sale seven businesses in its electronics and
instrumentation sector for 1.8 billion dlrs in cash and in debt
assumed by the purchasers.
    The company said last December its would sell the units by
mid 1987. It did not identify the buyers.
    The company said the proceeds will be used to reduce debt,
continue the company's share buyback program, and increase
strategic investments in its core businesses and other
corporate purposes.
    It said the units sold were Ampex Corp, Amphenol Prodcuts,
Linotype Group, Neptune International, MPB Corp, Revere Corp
and Sigma Instruments Inc.
 Reuter
