STANADYNE <STNA.O> PURCHASES AMBAC STAKE
Stanadyne Inc said it has acquired
a substnatial majority of AMBAC S.p.A.'s outstanding stock from
<AIL Corp>, the successor to United Technologies Corp's <UTX>
Diesel Systems Division for undisclosed terms.
    In addition to purchase a majority of the Brescia, Italy,
based company, Stanadyne said, it acquired a minority interest
in AMBAC's U.S. operation headquartered in Columbia, S.C.
 Reuter
