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June 10, 1987


By CBR Staff Writer

Gigamos Holdings is not yet home and dry in its proposed purchase of the assets of bankrupt Lisp Machine Inc, Lowell, Massachusetts. Gigamos, with its offer of $3.25m, was the high bidder in the auction, but Texas Instruments subsequently appealed the terms of the bidding process, and a second round of bidding was called, with a deadline of 11pm GMT last night. When we closed for press yesterday, Gigamos was the sole bidder, but with an offer of just $2m this time. The new bid is thought to exclude the receivables that were included in the original bid, but that is not clear. The winner is to be announced today.

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