ALLIED-SIGNAL &lt;ALD> COMPLETES SALE OF MPB CORP
  Allied-Signal Inc said it 
  completed the sale of its MPB Corp unit to Bearing Acquisition
  Corp for 145 mln dlrs plus assumption of certain MPB
  liabilities.
      Headquartered in Keene, N.H., MPB designs and makes
  precision ball and roller bearings used in aerospace, ordnance
  and computer applications. Allied-Signal said the unit had 1986
  sales of over 90 mln dlrs.
      It noted the sale to newly formed Bearing Acquisition was
  announced May 18.
     
      Allied-Signal said Bearing Acquisition is a newly-formed
  corporation owned by an investors group organized by Harold S.
  Geneen and Donaldson Lufkin and Jenrette Securities Corp.
      Wells Fargo Bank provided senior debt financing to Bearing
  Acquisition and Donaldson Lufkin and Jenrette provided bridge
  financing in the form of subordinated notes, preferred stock
  and common stock in an amount sufficient to fund the purchase
  price, Allied-Signal added.
  

