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August 9, 1988

MICOM TAKEN OUT FOR $300m

By CBR Staff Writer

Micom Systems Inc, Simi Valley, California has agreed to be acquired by MS1 Acquisition Corp, a company formed by Odyssey Partners, for $16 a share cash, or just over $300m. Manufacturers Hanover Trust Co is bankrolling the takeover with $220m in senior debt finance, and $125m of junk bonds are promised by Drexels; a break-up of Micom is likely.

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