Acquisition Planned by Standard Logic : Takeover: Agreement is reached with Paso Robles maker of computer input devices. Transaction to involve issuing 7.7 million new shares.

Electronics manufacturer Standard Logic Inc. said Wednesday that it has agreed to acquire Appoint Inc., a Paso Robles maker of computer input devices, in a stock transaction.

Standard Logic, which makes electronic packaging components, said it will issue 7.7 million shares of new common stock to Appoint shareholders, who in turn will control 44% of Standard Logic. Standard Logic shares--traded over the counter--closed Wednesday at $2.81 a share, making the transaction worth an estimated $21.8 million if the deal is completed at Wednesday’s price.

“We’ve been looking for an acquisition since I came back from retirement in 1989,” said Wes Baumgardner, Standard Logic’s founder and chief executive. “They have some exciting new products coming out in their markets.”

Appoint, which will operate as a subsidiary of Standard Logic, has 75 employees compared to 16 at Standard Logic. Appoint makes pointing devices for computers such as mice, track balls and penlike devices.

Standard Logic was involved in a merger effort with Touchstone Software Corp. in Huntington Beach, but that deal was called off in July, 1991.

Baumgardner said Appoint had about $2.5 million in sales in 1991 but was not profitable.

The merger is subject to several conditions, including approval by shareholders of Standard Logic and Appoint. The deal is expected to be completed in August, 1992.