Cable TV Industries and Anixter Bros. Inc.,...
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Cable TV Industries and Anixter Bros. Inc., a wholly owned subsidiary of Itel Corp., announced that they have signed a letter of intent for the acquisition by Anixter Bros. of Los Angeles-based Cable TV at $5.25 per share in cash. Cable TV has about 3 million shares of common stock outstanding. Cable TV Industries is a national distributor of products used in the construction and maintenance of cable television systems.
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