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A Westinghouse Unit Goes East


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A WESTINGHOUSE UNIT GOES EAST

Going, going--almost gone. Westinghouse Electric chopped off another unit as part of its downsizing, agreeing Feb. 16 to sell its WESCO electrical supply company to investment firm Clayton, Dubilier & Rice. The $340 million would help reduce Westinghouse's $4 billion of debt. More important, the deal would allow CEO Michael Jordan to focus on core businesses, such as power generation and defense electronics. That leaves one unit still up for sale, its residential real estate development subsidiary. That should go by yearend.EDITED BY KEITH H. HAMMONDS


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