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ALLEN GROUP ANNOUNCES TERMINATION OF FTC REVIEW

 BEACHWOOD, Ohio, June 7 /PRNewswire/ -- The Allen Group Inc. (NYSE: ALN) announced today that it has received notification from the United States Federal Trade Commission of termination of the waiting period in connection with Allen's proposed sale of its Allen Testproducts division and related leasing subsidiary to SPX Corporation. Allen and SPX anticipate that the closing of the proposed sale will occur within the next one to two weeks.
 The Allen Group Inc. (NYSE symbol - ALN) manufactures and markets electronic and other products, principally for the telecommunications and automotive industries, including mobile communications equipment, automotive test equipment and truck components and operates centralized automotive emissions inspection programs.
 -0- 6/7/93
 /CONTACT: Robert A. Youdelman of The Allen Group Inc., 216-765-5820/
 (ALN)


CO: The Allen Group ST: Ohio IN: AUT TLS SU:

BM -- CL004 -- 5828 06/07/93 08:49 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:141
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