Compucorp said its merger has been called off.
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The Santa Monica maker of office automation systems said it and Troy Corp., an investment company, mutually agreed to terminate negotiations. Compucorp, in need of a capital infusion, is now arranging for private funding, said its new president and chief executive, Phillip Wolfson. Also, attorney Frederick Schumacher has been named chairman--a position once held by Beverly Hills financier Bernard Katz, who is still a major shareholder.
