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May 6, 1987

AIM TELEPHONES TO SELL 10% SHAREHOLDING TO NEC AMERICA

By CBR Staff Writer

Japanese electronics companies are quietly but steadily building up their investments in US concerns, and in the latest move, PABX marketer Aim Telephones Inc, Parsippany, New Jersey has signed a letter of intent to sell a 10% shareholding to NEC America Inc for $8.49 a share, and granting the firm an option to take it to as much as 51%.

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