YANKEE COS <YNK> UNIT TO SELL ASSSETS
Yankee Cos Inc's Eskey Inc <ESK>
subsidiary said it reached an agreement in principle to sell
its Eskey's Yale E. Key Inc subsidiary to a new concern formed
by Key's management and a private investor for about 15.5 mln
dlrs.
    As part of sale, Eskey said the buyers will assume the 14.5
mln dlrs of publicly held Eskey 10-3/4 pct debentures due 2003.
It said the debentures will continue to be converted into
Yankee preferred. The remainder of the price will be a one mln
dlr note to Eskey. Yankee said the sale will result in a loss
of 1.5 mln dlrs.
 Reuter
