JOSTEN'S <JOS> TO SELL UNIT TO CAREERCOM <CRCM>
Josten's Corp said it agreed
to sell its proprietary school business to CareerCom Corp, for
20 mln dlrs in cash and about 1.7 mln CareerCom common shares.
    Upon completion of the proposed transaction, Josten's will
own 20 pct of CareerCom's stock, which it intends to hold for
investment purposes, it said.
    Proprietary school sales totaled about 56 mln dlrs and
accounted for less than 10 pct of Josten's total revenue, it
added.
 Reuter
