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Myers Buys Space Applications

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<i> Dow Jones</i>

Steven Myers & Associates said Monday it agreed to acquire Space Applications Corp., a Vienna, Va., technical services provider, in a $14.7-million stock swap.

Newport Beach-based Steven Myers, which provides a variety of management services, said it expects Space Applications to report about $30 million in revenues for the fiscal year ending June 26. Myers said it expects the acquisition to close by May 29.

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