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July 22, 1990

TIMES RECKONS ON 80% TAKE OVER OF ICL

By CBR Staff Writer

The contention in the Times – London, that is – that Fujitsu Ltd is seeking to pay UKP750m for about 80% of ICL looks like the characteristic Japanese ploy of getting into the press as fact what the originator of the story would like to happen: for the sake of peace, harmony and European relations, it would be much more sensible for Fujitsu to settle for no more than 49% of ICL and run the company in the same arms-length manner as it does its 46%-owned affiliate Amdahl Corp.

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