Gould Barred From U.S. Deals
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ROLLING MEADOWS, Ill. — The government today suspended electronics manufacturer Gould Inc. from future government contracts for alleged overpricing of items sold to the government from 1982 to 1984, the company said.
After the announcement, Gould’s shares lost 87.5 cents and were trading on the New York Stock Exchange at $22.75, a loss of nearly 4% on heavy turnover. Analysts said that if the companywide suspension prompted by the dealings of Gould’s Imaging and Graphics Division with the government was upheld in full, it could hamper Gould’s planned sale of two defense-related businesses.
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