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In play: July 29, 2004.

The Daily Deal

| July 29, 2004 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: edited by Greg Johnson

edited by Greg Johnson

GKN signs AgustaWestland deal

British engineering company GKN plc said Wednesday it has signed a definitive agreement to sell its stake in helicopter maker AgustaWestland NV to joint venture partner Finmeccanica SpA. Finmeccanica will pay [pounds sterling]1.1 billion ($2 billion) in cash for GKN's half stake. Completion of the deal, which was first announced in May, is expected by year's end. GKN said it may use the money for acquisitions, as well as debt and pension payments. -- Lisa Clifford

Poland wants new telecom talks

Polish Treasury Minister Jacek Socha said Wednesday …

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