GOULD <GLD> DIVISION GETS FINANCING
Gould Inc's systems protection
division said it selected Merrill Lynch Interfunding INc to
provide financing for the purchase of the division from the
parent company.
    Terms were not disclosed. The agreement was announced in
February and Gould expects the transaction to be completed by
the end of April.
    The agreement assures the retention of more than 600 jobs
at a northeast Philadelphia plant which had been in jeapardy
when Gould had accepted a tentative offer from Westinghouse INc
which was later terminated.
 Reuter
