	allied signal ald to sell electronics unit allied signal inc said it agreed to sell its amphenol products unit to a subsidiary of lpl investments group lpli a wallingford conn investment company for mln dlrs cash closing is expected soon pending appropriate approvals the company said lpl indicated that at closing warrants will be sold which when exercised will reduce its stake in the subsidiary amphenol uisition co to pct the company said lisle ill based amphenol had sales of about mln dlrs it makes brand name interconnection products lpl also said merrill lynch and co has committed to buy mln dlrs of subordinated and preferred debt in the new lpl unit according to allied signal canadian imperial bank of commerce has committed up to mln dlrs in senior debt financing it said allied signal said in december it was offering for sale amphenol and six other operating units in its electronics and instrumentation sector merrill lynch needham and co and lazard freres served as financial advisors it said reuter 
