LVI GROUP <LVI> TO MAKE ACQUISITION LVI Group Inc said it has agreed in principle to purchase all outstanding shares of <Spectrum Holding Corp> for a proposed 13 mln dlrs in cash. LVI said an additional 10 mln dlrs in common stock and seven mln dlrs in notes will become payable if Spectrum has certain minimum future earnings. LVI, an interior construction firm, said the acquisition is subject to execution of a definitive agreement and completion of due diligence. LVI and Spectrum, an asbestos abatement concern, expect to close the deal in June, LVI said.