PENNWALT &lt;PSM> TO MAKE ACQUISITION
  Pennwalt corp said it has agreed in
  principle to acquire a line of fungicides, insecticides and
  herbicidesand related manufacturing facilities from Le
  Raffineries de Soufre Reunies of Marseilles for undisclosed
  terms, subject to approval by bothe boards and government
  authorities.
      The company said the acquired products are sold mostly in
  FRance for use on grapevines, wheat and sugar beets and sales
  are about 40 mln dlrs annually.
  

