'Ex'cellent move?

Esterline Technologies entered into an agreement on June June: see month. 28 to sell substantially all the assets of its money-losing Excellon Automation (excellon.com) subsidiary to a private party. Details of the agreement were not disclosed dis·close
tr.v. dis·closed, dis·clos·ing, dis·clos·es
1. To expose to view, as by removing a cover; uncover.

2. To make known (something heretofore kept secret). and the sale is subject to customary closing conditions. Esterline took a fiscal 2002 after-tax af·ter-tax also af·ter·tax
adj.
Relating to or being that which remains after payment, especially of income taxes: after-tax profits. loss of $25 million for the Automation group. For the quarter ended May 2, the company took an additional charge of $5.8 million. Excellon was formally put on the block July July: see month. 25, 2002.

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Title Annotation:	Esterline Technologies to sell substantially all assets of Excellon Automation
Publication:	Printed Circuit Design & Manufacture
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Aug 1, 2003
Words:	83
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