ITT ends telecom link, sells off Alcatel holdings

April 1997
Electronic News;04/07/97, Vol. 43 Issue 2162, p54
Trade Publication
Reports on the sale of ITT Corp.'s remaining 4.5 million shares in Alcatel Alsthom for $530 million. ITT's attempt to divest itself of non-core assets; ITT's aim to concentrate its efforts in hotel and casino businesses; General purchase agreement between Alcatel and Alcatel Alsthom from 1996-1998.


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