ASTBS Changes Name in Wake of Merger Now that its parent corporation, AlliedSignal, has formally changed its name to Honeywell as a result of its recent merger, AlliedSignal Truck Brake Systems Co (ASTBS) is also changing its name. The provider of Bendix products and services to the heavy-duty vehicle market will become Honeywell Commercial Vehicle Systems Co and will do business as Bendix Commercial Vehicle Systems. A joint venture, Bendix Commercial Vehicle Systems is owned 65 percent by Honeywell and 35 percent by Knorr-Bremse AG of Germany.
PLM Contemplates Corporate Sale San Francisco CA-based PLM International Inc's board of directors has engaged the investment banking company of Imperial Capital LLC to explore various strategic and financial alternatives for maximizing shareholder value on a near-term basis. Such alternatives may include, but are not limited to, a possible transaction or series of transactions representing a merger, consolidation, or any other business combination; a sale of all or a substantial amount of the business, securities, or assets of the company; or a recapitalization or spinoff.