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November 9, 1993

CHAMPION MAKE CASH BID FOR MULTITONE

By CBR Staff Writer

Champion Technology Holdings Ltd of Hong Kong yesterday made a recommended 143 pence a share cash offer for Multitone Electronics Plc, valuing the company at just over UKP21.5m: Multitone will operate as an independent UK subsidiary of Champion under its current management and name, and Champion will use Multitone’s excess manufacturing capacity to make its own kit.

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