SLI Inc., Canton, Mass., which has been operating under Chapter 11 protection since September 2002, has agreed to sell its General Lighting Division to Frank M. Ward, its chairman of the board and chief executive officer.
According to a company press release, SLI plans to sell its General Lighting division to Ward for approximately $123 million. In addition, the company would sell its Miniature Lighting division to M Capital LLC, a New York-based private equity fund, for approximately
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