TEXTRON &lt;TXT> PLANS SALE OF AVCO DIVISION

  Textron Inc said it plans to
  sell its Avco Specialty Materials Division as part of its debt
  reduction and restructuring.
      The company said it will use proceeds from the sale to
  reduce the debt incurred by its acquisition of Ex-Cell-O Corp
  last year.
      Textron said Morgan Stanley and Co will represent it in the
  sale.
  

