Dowty Group Plc &lt;DWTY.L> said it agreed to buy &lt;Hydraulic Units Inc> from Boeing Co &lt;BA.N> for around 42.5 mln dlrs cash. The final sum payable would be adjusted according to changes in net tangible assets between March 29 and completion due on July 1. Payment would be financed through medium-term borrowings. Hydraulic reported 4.3 mln dlrs pretax profit in the year to end-December 1986 on sales of 53.2 mln. It designs manufactures and sells hydraulic and mechanical systems to airframe manufacturers.
DOWTY TO BUY BOEING UNIT FOR 42.5 MLN DLRS