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Technology / AI and automation

SHARE & BOND ISSUE

Storage Technology Corp, Louisville, Colorado got its issue of 6m new shares away at $19.50 a time and will use the $115m or so net proceeds to redeem or buy back some of its onerous issue of 13.5% senior debentures – junk bonds – due 1996; Salomon Brothers Inc was the lead underwriter to the issue.

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CBR Staff Writer

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