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Technology / AI and automation

DIGITAL COMMUNICATIONS BACKS OFF FROM UNGERMANN

Digital Communications Associates Inc has backed off from its plan to proceed with a hostile tender offer for Ungermann-Bass Inc following the latter’s rejection of its $9.75 a share offer (CI No 811). It now says it has no present plans for any further action regarding the proposal. Ungermann-Bass shares fell 75 cents to $7.50 on the news and are likely to slip further now.

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CBR Staff Writer

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