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PhoneMate Inc. has agreed to be acquired...

PhoneMate Inc. has agreed to be acquired by its Tokyo-based supplier Asahi Corp. for about $8.2 million in cash. Asahi, a consumer electronics company and parts supplier that currently owns 1.1 million shares of PhoneMate, or a little more than 50% of the company, will purchase the remaining 1.1 million public shares of the Torrance-based firm for $7.50 a share. PhoneMate is a leading designer and marketer of telephone answering machines.


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