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December 5, 1993

MAXTOR RECIEVS APPROVAL OVER HYUNDAI INVESTMENT

By CBR Staff Writer

Maxtor Corp has received shareholder approval for two of three matters holding up the proposed $150m investment by members of the Hyundai group of companies of Seoul; it adjourned its shareholders meeting to December 20 to collect the necessary two-thirds majority required for approval of the third proposal – to approve changes to Maxtor’s certificates of incorporation.

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