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July 26, 1987

GEC SAID NO US ACQUISITION BEFORE THE WEEKEND

By CBR Staff Writer

GEC Plc tucked us up safely in bed on Friday night with the assurance that no US acquisition would be announced before the weekend: gossip during the day had centered on a company called Gilbarco Inc, which is a management buyout from Exxon Corp, does about $300m a year making petrol pumps, and would fit in with a unit of GEC’s Avery arm.

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