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Allied Signals Inc

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BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
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BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
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