BAKER <BKO> TO SELL OILWELL PUMP UNIT Baker International Corp said it has signed a definitive agreement to sell the assets and business of the electric submersible oilwell pump product line in the continental U.S. of its Baker Oil Tools Inc subsidiary to Trico Industries Inc <TRO> for an undisclosed amount of cash and other consideration. The company said the transaction is subject to Hughes Tool Co <HT> and Baker shareholder approval of the Baker/Hughes merger. The U.S. Justice Department has announced that it will require divestiture of the product line for approval of the merger. Baker said the transaction is subject to approval by the Justice Department and the boards of Baker, Hughes and Trico.