	corrected rexnord rex to sell railway unit rexnord inc said it signed a definitive agreement to sell its railway maintenance equipment co subsidiary to oak industries inc terms were withheld also participating in the agreement was banner industries inc which previously agreed to uire rexnord railway maintenance had sales of mln dlrs rexnord said the sale is part of a major program to divest several of its businesses representing about mln dlrs in net assets still to be divested are the process machinery division with sales of mln dlrs and mathews conveyer co with sales of mln dlrs corrects mame of purchaser reuter 
