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December 1, 1987

PHILIPS TO EXTEND JOINT VENTURE WITH MATSUSHITA

By CBR Staff Writer

Philips NV is to extend for another 10 years its Matsushita Electronics Corp joint venture on professional electrical and electronic products with Matsushita Electric Industrial Co: the venture dates back to 1952 and would have been terminated at the end of the year had it not been renewed; it has already been renewed twice before, in 1967 and 1977.

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