Drexel Plans Sales: Drexel Burnham Lambert Inc....

Drexel Plans Sales: Drexel Burnham Lambert Inc. announced plans to sell two companies that manage close to $3 billion of its its domestic mutual fund assets. Drexel, the Wall Street investment firm rocked by securities fraud charges, said it had reached agreements to sell Drexel Management Corp., which manages $2.8 billion in assets, and Drexel Burnham Lambert Management Corp. with its $181 million in assets. Terms of the deals were not disclosed. Martin E. Zweig, a leading Drexel money manager is one of the purchasers.