Olin has agreed in principle to sell...

Olin has agreed in principle to sell its Ecusta cigarette paper and fine printing paper business in a leveraged buy-out for about $130 million to a firm to be organized by First Boston . . . United Airlines unveiled the design for a new $300-million terminal complex to be constructed at O’Hare International Airport, Chicago . . . The 15 Skaggs Drug Centers in California will adopt the name of Sav-on as of Jan. 19, raising the total Sav-on Drug Stores in the state to 171 . . . The Justice Department filed comments with the Securities and Exchange Commission supporting exchange trading of unlisted over-the-counter stocks . . . Textron has signed a preliminary agreement to sell its Jones & Lamson machine tool division to an investor group headed by Donald C. Hoodes of Santa Barbara for an undisclosed price . . . UniDynamics Corp., Stamford, Conn., agreed to be acquired by Crane Co., a New York-based manufacturer, for $199 million. Crane’s $29-per-share bid topped five other industrial companies and attempts to take the company private through a leveraged buy-out.