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July 23, 1990

THREE BIDDERS FOR FORD AEROSPACE UNIT

By CBR Staff Writer

The three bidders for Ford Motor Co’s Ford Aerospace unit, put on the block in January, are Loral Corp, Westinghouse Electric Corp with Aerospatiale SA and Carlyle Grup, and General Motors Corp’s Hughes Aircraft in partnership with Alcatel NV: biggest attraction is the satellite-building business; the company could fetch $1,500m.

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