BASIX CORP <BAS> TO SELL UNIT TO CUBIC <CUB> BASIX Corp said it has agreed in principle to sell the stock of its Automatic Toll Systems Inc subsidiary to Cubic Corp for about 26 mln dlrs. The company said it would retain Automatic Toll assets worth about nine mln dlrs to dispose of over time. The company said completion of the transaction is subject to approval by both boards and BASIX's banks and the expiration of the Hart-Scott-Rodino waiting period.