Thomson, Poised to Pick U.s. Partner, on Track to Acquire Ltv By Deadline
NEw YORK French state-controlled Thomson-CSF expects to restructure its offer for a minority stake in LTV Corp.’s missile division in time to close a transaction by the end of July. For this to happen, over the next three weeks Thomson must strike a deal with one of three U. S. defense contractors with whom it is now negotiating, giving one of them majority control of the LTV business unit; work out a security arrangement with the Pentagon, and obtain U. S. government approval of the restructured offer.
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