Burroughs Corp., swollen by its $4.8-billion purchase...
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Burroughs Corp., swollen by its $4.8-billion purchase of Sperry Corp., posted a 64% increase in third-quarter profit. For accounting purposes, Burroughs considered the merger with Sperry to be complete Sept. 1. Net income contributed by Sperry was pro-rated to reflect ownership of about 51% of Sperry’s stock in July and August and 100% in September.
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