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June 13, 1997updated 05 Sep 2016 1:04pm

TRANSCRYPT TO BUY EF JOHNSON CO

By CBR Staff Writer

Lincoln, Nebraska-based Transcrypt International Inc has signed a letter of intent to acquire wireless communications company, EF Johnson Co, Waseca, Minnesota. If the deal goes ahead it will be worth some $34m, but it is apparently subject to completion of due diligence by both firms.

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