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Revlon Group agreed to sell its Technicon unit.

A Revlon statement said the acquirers of Technicon, including an investment firm called Cooper Development, a unit of Palo Alto-based Coopervision, are to pay $250 million in cash and $50 million principal amount of preferred stock. The transaction is subject to, among other conditions, approval by Cooper Development shareholders, Revlon said. Technicon manufactures and markets high-technology medical diagnostic systems.


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