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TELERATE TO BUY OUT ASSOCIATED PRESS AND DOW JONES

Telerate Inc, New York, has agreement in principle to buy out the two outside shareholders in its AP-Dow Jones/Telerate Co venture that operates outside the US: the two partners are the Associated Press and Dow Jones & Co, each with 24.8%, and AP will get $6.5m cash upfront and $58.5m over 15 years, Dow Jones will get 2.6m new Telerate shares, taking its stake in the financial data firm to 35.4%.

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