MOELX <MOLX.O>, <DUBILIER PLC> SIGN AGREEMENT
Molex Inc said it signed a
distribution and share-purchase agreement with Dubilier PLC, of
Abingdon, Oxon, England.
    Under the agreement, Molex will sell Dubilier's products
worldwide and receive 2.1 mln ordinary shares in Dubilier at a
price of two British pounds, or 3.22 U.S. dlrs, a share.
    The shares, which represent 6.39 pct of the existing issued
share capital of Dubilier, will be issued under a U.K.
subscription agreement that restricts Molex from disposing of
the shares and from increasing its holding above 9.9 pct for
two years.
 Reuter
