NEOAX &lt;NOAX> TO SELL NOVATRONICS FOR 20 MLN DLRS

  Neoax Inc said it has
  agreed to sell the assets and business of its Novatronics
  Division to Veeco Instruments Inc &lt;VEE> for 20 mln dlrs.
      Neoax said it expects a gain of about nine mln dlrs on the
  transaction which is expected to becomleted during the second
  quarter, adding the gain will be sheltered by its tax loss
  carryforwards.
      Novatronics makes military-specification power supplies and
  avionics components for various prime government defense
  contractors. It had 1986 sales of 21 mln dlrs.
  

