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Technology / AI and automation

SCI SYSTEMS TO BUY ALL FORTUNE SYSTEMS’ OPERATIONS WITH EXCEPTION OF TIGERA SOFTWARE BUSINESS

The agreement under which SCI Systems Corp, Huntsville, Alabama, plans to buy all Fortune Systems Corp’s operations bar the company’s small Tigera software business, is now definitive: the price, between $15m and $17m, will leave Fortune with some $35m cash, plus $63m tax credits; completion of the sale, which is conditional on several approvals, is expected for end June.

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CBR Staff Writer

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