ALLIED-SIGNAL <ALD> COMPLETES SALE OF MPB CORP Allied-Signal Inc said it completed the sale of its MPB Corp unit to Bearing Acquisition Corp for 145 mln dlrs plus assumption of certain MPB liabilities. Headquartered in Keene, N.H., MPB designs and makes precision ball and roller bearings used in aerospace, ordnance and computer applications. Allied-Signal said the unit had 1986 sales of over 90 mln dlrs. It noted the sale to newly formed Bearing Acquisition was announced May 18. Allied-Signal said Bearing Acquisition is a newly-formed corporation owned by an investors group organized by Harold S. Geneen and Donaldson Lufkin and Jenrette Securities Corp. Wells Fargo Bank provided senior debt financing to Bearing Acquisition and Donaldson Lufkin and Jenrette provided bridge financing in the form of subordinated notes, preferred stock and common stock in an amount sufficient to fund the purchase price, Allied-Signal added.