ALLIED-SIGNAL <ALD> TO SELL LINOTYPE UNIT
Allied-Signal Inc said it
agreed to sell its Linotype Group unit to <Commerzbank AG>
of West Germany for an undisclosed amount.
    Allied-Signal said Commerzbank is expected to offer shares
of the unit to the public later this year.
    The company said the agreement is subject to approval by
the government and its shareholders.
    The Linotype unit, based in Eschborn, West Germany, had
revenues in 1986 of more than 200 mln dlrs, the company said.
    The company said top management of Linotype plan to remain
with the unit, which has operations in the United States, West
Germany and the United Kingdom.
    Allied-Signal announced in December that it planned to sell
the Linotype unit as well as six other businesses in its
electronics and instrumentation segment.
    Linotype is a supplier of type and graphics composition
systems.
 Reuter
