PENRIL <PNL> SEEKS TO SELL TWO UNITS
Penril Corp said it is seeking to
sell its Triplett Electrical Instrument Corp subsidiary in
Bluffton, Ohio, and Triplett's Alltest division in Hoffman
Estates, Ill., as part of a plan to concentrate on its three
profitable division and reduce its debt load.
    The company also said it is evaluating a plan to satisfy
its obligations under its 10-7/8 pct subordinated notes but
gave no details.  Interest on the notes is due today.
    Penril further said director Clifford L. Alexander Jr. has
resigned from the board.  It gave no reason.
    Penril said shareholders at the annual meeting approved the
limitation of directors' liability.   
 Reuter
