Sperry stockholders OKd Burroughs’ takeover bid.
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Burroughs announced the completion of its $4.78-billion purchase of rival computer maker Sperry with approval of the transaction by Sperry shareholders and the filing of legal documents. Sperry had accepted Burroughs’ bid in May. Earlier this week, Burroughs announced 28 executive appointments, including people from both Detroit-based Burroughs and New York-based Sperry. Burroughs spokesman James Kenyon said a new name for the combined companies likely would be announced in October.
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