GEC completes Tracor acquisition, regroups North American businesses
The U.K.'s General Electric Co. plc completed the merger of Tracor Inc. with its U.S. subsidiary, GEC announced yesterday. Tracor will be managed by the North America operations of GEC-Marconi, which will be renamed Marconi North America Inc. GEC paid $1.4 billion for Tracor, consisting of $40 per...
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