MAY <MA> TO SELL SYCAMORE DIVISION The May Department Stores Co said it has signed an agreement to sell its Sycamore Specialty Store Division to an investment group that includes Syacmore senior management. May said it expects to close the deal, which includes the entire division and its 1,000 employees, in April. Sycamore has 111 women's apparel stores in Indiana, Ohio, Illinois, Kentucky and Michigan, May said. May added that the Indiana National Bank of Indianapolis provided a portion of the deal's financing.