MLX &lt;MLXX> UNIT AGREES TO BY ABEX UNIT

  MLX Corp said a subsidiary has
  tentatively agreed to acquire a sintered friction materials
  business in Milan, Italy, from a unit of Abex Corp for
  undisclosed terms.
      The deal will close after obtaining Italian government
  approvals, expected in late April.
      The business, which will operated under the name S.K.
  Wellman, will become a member of MLX's specialty friction
  materials group. The business is a manufacturer of high-energy
  friction materials for heavy-duty transmissions and clutches.
  

