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Technology / AI and automation

PLESSEY GETS UKP45M FROM GEC

Meantime Plessey gets a useful UKP45m from GEC under the outline agree-ment to compensate it for the fact that it will contributing more of the new telecommunications company’s profits than GEC: added to the UKP273m cash the company already has in its coffers, that will give Plessey just over $500m for what is becoming a pressing US acquisition.

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CBR Staff Writer

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