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July 26, 1990

FUJITSU MAY NOT WANT ALL 80% OF ICL

By CBR Staff Writer

In Japanese terms, Fujitsu Ltd is a bold maverick, but it would be uncharacteristic even for Fujitsu to bounce in and take an 80% stake in one go in a company like ICL: the Nippon Keizei Shimbun quotes sources close to Fujitsu saying that the Japanese company wanted to take 25% to start with, growing it to 49.5% after five years, and that STC Plc bounced it into the deal now being discussed by insisting that it took more than 50% at once.

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