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August 17, 1988

CP NATIONAL DECIDES ALLTEL 1.1 SHARE EXCHANGE OFFER IS NOT ADEQUATE

By CBR Staff Writer

CP National Corp, San Francisco has belatedly decided that Hudson, Ohio based Alltel Corp’s 1.1 for 1 share exchange offer, which values the company at $293m, is not adequate: however the two companies are reportedly still in discussions that are described as being friendly.

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