View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 1987

ALLIED-SIGNAL FINALLY FINDS A BUYER FOR AMPEX: LANESBOROUGH PAYS $479m

By CBR Staff Writer

The Ampex Corp unit of Allied-Signal Inc has been on the block since shortly after Allied merged with Signal, and a buyer has finally been found for the diversified electronics business. The Redwood, California company is going to privately held New York chemical products manufacturer Lanesborough Corp for $479m. Ampex makes a variety of disk and tape products, displays, add-in memory and processor boards, and had 1986 sales of more than $500m.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU