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RETIX BUYS TSL, GUILDFORD

TSL Communications Ltd, the Guildford, Surrey firm where Case Group Plc held a 30% stake, and Olivetti had 40% (CI No 725), has been acquired by Retix Inc, Santa Monica, California on undisclosed terms. TSL employs 45 and is doing about $6m a year; it inter alia developed Case’s line of X25 packet switches.

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