GENERAL SIGNAL COMPLETES SALE OF LEEDS & NORTHRUP TO HONEYWELL.STAMFORD, Conn.--(BUSINESS WIRE)--February 26, 1996--General Signal Corporation (GSX GSX Gelled Slurry Explosive GSX Ground Storm X (VMware) GSX Gran Sport Extra (Buick Skylark) GSX Gasco Energy Company GSX Gender Sexuality XYZ :NYSE NYSE See: New York Stock Exchange ) announced today that it has completed the sale of L&N Products, the instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. and measurement business of its Leeds & Northrup unit, to Honeywell's Industrial Control business unit (HON:NYSE). The business manufactures and sells sensors, recorders, controllers, and other industrial measurement equipment. This sale completes General Signal's divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of Leeds & Northrup. General Signal will use sale proceeds to pay down debt. Terms of the transaction were not disclosed. -0- General Signal Corporation, with 1995 sales of $1.86 billion, is a leading equipment manufacturer for the process control, electrical, and industrial technology industries. CONTACT: General Signal Nino Fernandez (203) 329-4320 |
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