Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 2 3:59 PM EST

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From: richardred	11/1/2004 1:22:08 AM
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NBSC/SPX Corp. (SPW) agreed to sell its Bomag business to Fayat Group, Bordeaux, France, for about $446 million because the unit doesn't fit its long-term plans. In a press release Friday, SPX said it plans to use proceeds to pay down its debt, which totaled $2.64 billion at the end of June.

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