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THORN IN £17m SALE TO RACAL
Thorn EMI has added to a busy period of
corporate deal-making by selling its
loss-making sensors business to Racal
Electronics for £17.5m.
Thorn recently bought most Dillons
bookstores from the collapsed Pentos
group soon after closing down its
Rumbelows High Street electrical chain.
In the latest deal, Racal will merge
the business with its defence radar arm
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