Allegheny Teledyne Completes Sale of Teledyne Fluid Systems Nitrogen Products Business Unit.PITTSBURGH--(BUSINESS WIRE)--Aug. 30, 1999-- Allegheny Teledyne Incorporated (NYSE NYSE See: New York Stock Exchange :ALT (character) alt - /awlt/ 1. The alt modifier key on many keyboards, including the IBM PC. On some keyboards and operating systems, (but not the IBM PC) the alt key sets bit 7 of the character generated. See bucky bits. 2. ) today announced that it has completed the sale of Teledyne Fluid Systems' Nitrogen Products business to Barnes Group Inc. (NYSE:B) for $89.7 million in cash. This transaction completes the sale of all three units of Teledyne Fluid Systems. Earlier today Allegheny Teledyne announced that it had completed the sale of Teledyne Fluid Systems' Pressure Relief Valve Pressure Relief Valve A Pressure Relief Valve is a safety device that relief in case of overpressure in vessel or piping. The generic term is or Pressure Relief Valve (PRV) or Pressure Safety Valve (PSV) automatic system that relief by static pressure on a liquid. and Vehicle Control Valve A device that modulates the flow of fluid in a conduit in response to a signal from a process measurement control system. and Pump businesses to Curtiss-Wright Corporation (NYSE:CW) for $44 million in cash. With completion of the transactions announced today, the total pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern proceeds from sales of businesses in 1999 now exceed $350 million. Allegheny Teledyne Incorporated is a diversified manufacturing company serving global markets with specialty metals, aerospace, electronic, industrial, and consumer products. The company is one of the largest and most diversified specialty metals producers in the world. With talented people using innovative technologies and systems, Allegheny Teledyne's goal is to be the low cost, high quality supplier to global markets. Allegheny Teledyne's website can be found at http://www.alleghenyteledyne.com. |
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