SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 17, 1997
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Technitrol, Inc.
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(Exact Name of registrant as specified in its charter)
Pennsylvania 1-5375 23-1292472
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1210 Northbrook Drive, Suite 385, Trevose, Pennsylvania 19053
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 355-2900
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On April 17, 1997, Technitrol International, Inc., a wholly owned
subsidiary of Technitrol, Inc., signed a definitive agreement to sell all of
the common stock of John Chatillon & Sons, Inc. and share capital of Lloyd
Instruments Ltd. (the companies that form the Test & Measurement Products
Segment) to Ametek Aerospace Products, Inc., a wholly owned subsidiary of
Ametek, Inc., for $34 million cash.
The closing of the transaction, which is expected to take place on or
before June 30, 1997, is subject to a number of conditions, including
regulatory approvals in the United States, common in transactions of this
type.
As a result of the sale, Technitrol will treat the Test & Measurement
Products Segment as a discontinued operation for purposes of financial
reporting, commencing with the first quarter of 1997.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TECHNITROL, INC.
By: /s/Albert Thorp, III
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Albert Thorp, III
Vice President and Chief
Financial Officer
Date: April 23, 1997
