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JOSLYN REACHES AGREEMENT TO PURCHASE LEAR SIEGLER JENNINGS

 JOSLYN REACHES AGREEMENT TO PURCHASE LEAR SIEGLER JENNINGS
 CHICAGO, Ill., March 13 /PRNewswire/ -- Joslyn Corporation (NASDAQ: JOSL) announced today it has reached an agreement to purchase Lear Siegler Jennings Corp. (LSJ), a San Jose, Calif.-based manufacturer. LSJ's Jennings Division is a leading producer of high voltage vacuum products. LSJ's Sierra Division is a producer of telecommunications test instrumentation. The proposed acquisition is subject to customary closing conditions. It is anticipated that the transaction will close in early April 1992.
 Joslyn Corporation, now in its 90th year, provides diversified products and services primarily to the electric utility, telecommunications, defense and industrial markets. Joslyn also manufactures equipment for the following industries: aerospace, building construction and petrochemical. It has approximately 1,900 employees and operates facilities in the United States and Canada. Joslyn has declared 304 dividends and 215 consecutive dividends on its common stock.
 -0- 3/13/92
 /CONTACT: L.G. Wolski of Joslyn, 312-454-2900/
 (JOSL) CO: Joslyn Corporation; Lear Siegler Jennings Corp. ST: Illinois, California IN: TLS SU: TNM


PS -- NY070 -- 8027 03/13/92 20:15 EST
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Publication:PR Newswire
Date:Mar 13, 1992
Words:178
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