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OTHER NEWS

<i> Times Staff and Wire Reports</i>

Regulators Approve ITT’s Purchase of Caesars: The New York-based manufacturing, insurance and finance company received approval in New Jersey, Nevada and Canada to close its proposed $1.7-billion acquisition of Caesars World Inc. ITT Corp. plans to pay $67.50 a share for the outstanding common stock in the Los Angeles-based hotel and casino concern. The purchase is expected to be closed by Wednesday morning.


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