Suffield Financial Corp said the 
Federal Reserve Board approved its application to acquire 
Coastal Bancorp <CSBK>, Portland, Me. 
    Suffield said it still needs the approval of the 
superintendent of Maine's banking department. 
 Reuter

<Versatile Corp> said 
it agreed in principle to sell its Alberta-based Versatile 
Noble Cultivators Co division to Vicon Inc, of Ontario, for 
undisclosed terms. 
    The division manufactures tillage and spraying equipment. 
 Reuter

(Groupe Videotron Ltd) said it agreed to 
buy 50 pct of (Groupe Promexpo Inc), a company which 
specializes in product exhibits, for three mln dlrs.            
   
 Reuter

Circuit Systems Inc said it has 
bought all of the stock of (Ionic Industries Inc) in exchange 
for 3,677,272 shares of its common. 
    Following the exchange there will be 4,969,643 shares of 
Circuit Systems stock outstanding. Ionic holders will own about 
74 pct of the outstanding stock of Circuit Systems, it said. 
    Ionic, a maker of circuit boards, had revenues of 8.4 mln 
dlrs and pretax profits of 232,000 dlrs in 1986, up from 
revenues of 5.9 mln and pretax profits of 204,000 dlrs in 1985, 
Circuit Systems said. 
 Reuter

Toshin Steel Co Ltd <TOSS.T> and <Azuma 
Steel Co Ltd>, affiliates of Nippon Kokan KK <NKKT.T>, are 
considering a merger, company spokesmen said. 
    Toshin Steel, owned 41.9 pct by Nippon Kokan, and Azuma 
Steel, owned 41.3 pct by Nippon Kokan, are expected to decide 
by the end of March, they said. Both firms have been struggling 
with losses caused by the recession in the steel industry and 
the yen's appreciation. 
    Azuma Steel's current losses are estimated at 3.1 billion 
yen in the year ending March 31 against a 6.99 billion loss a 
year earlier, a spokesman said. The firm employs 1,100 workers 
    Toshin Steel, with 1,700 workers, has given no forecast for 
the year ending March 31. 
    But industry sources said they expected the company to show 
current losses of about five billion yen or more in 1986/87 
compared with a 2.98 billion loss in 1985/86. 
 REUTER