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August 5, 1987

MITSUBISHI ELECTRIC TO BUY CONTROL DATA?

By CBR Staff Writer

If asked to list 20 companies that might be interested in acquiring Control Data Corp, few, we imagine, would include Mitsubishi Electric, but Mitsubishi was the buzz on Wall Street Tuesday night when CDC shares put on $3.625 at $33 on the suggestion that a bid was being constructed at around $40 a share – and that CDC would seek to defend itself by taking the company private in a leveraged buy-out at $40.

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