Word: prezelski
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...profitable divisions in order to concentrate on aerospace. As the core business of both Allied and Signal, that group is expected to contribute more than 40% of total profits. After the planned divestitures, Allied Signal should have some $2.5 billion in cash on hand. "This is uncommon," says Frank Prezelski, an analyst at Shearson Lehman American Express. "The typical acquisition leaves the combined company a cripple, loaded with debt...
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