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June 27, 1990

FNIC MAY BID FOR ULTIMATE

By CBR Staff Writer

FNIC of Midvale, Utah has disclosed an 8.4% stake – bought at $6.50 a share – in East Hanover, New Jersey Pick-popper Ultimate Corp and says it is considering a bid to acquire the firm. FNIC says it invests and creates joint ventures in data processing, management information services, and software development.

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