Union Carbide announced sale of division.
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The firm said that it intends to sell its home and automotive products division, the maker of such familiar products as Prestone antifreeze and Glad plastic bags, for $800 million in a leveraged buy-out to a group formed by First Boston Corp. Separately, the company announced a drop in net income for the calendar first quarter to $43.3 million on sales of $1.72 billion, compared to $71 million on sales of $1.71 billion for the same period a year ago.
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