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August 6, 1987

TECHNOLOGY FOR BUSINESS TO COMBINED LEASE FOR UKP11m

By CBR Staff Writer

Technology for Business Plc, which takes in micromaker Rair Ltd, last night agreed to be acquired by finance lease specialist Combined Lease Finance Plc for UKP11.2m in shares. Combined is offering two new shares for every three TFB, valuing the latter at 195.6p, compared with 145p, up 15, overnight. Combined Lease came to the market in May last year (CI No 427); it does about 35% of its business in computer leasing with the rest in prestige cars and heavy machinery.

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