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December 9, 1987

NIPPON UNIVAC AND BURROUGHS KK MERGE IN JAPAN

By CBR Staff Writer

In the merger between the Nippon Univac and Burroughs KK companies in Japan, it appears that Unisys Corp will first sell 50% of Burroughs KK to 34.2% shareholder in Nippon Univac, Mitsui & Co, and then in April, Nippon Univac, only 34.2%-owned by Unisys Corp, will take over Burroughs KK to form Nippon Unsys Corp, exchanging one of its won shares for every 6.06 Burroughs KK shares outstanding: a public offering of Nippon Unisys shares would follow later, with Mitsui and Unisys each holding about 34%, Oki Electric 2.53%, Mitsubishi Electric, 2.51% and Mitsui Bank, 4%, retaining their stakes, the rest being widely held and traded on the Tokyo stock exchange.

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