Watkins-Johnson Co., a telecommunications equipment maker that...
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Watkins-Johnson Co., a telecommunications equipment maker that has been selling off its businesses, agreed to a management-led buyout backed by investment group Fox Paine & Co. The buyout group, FP-WJ Acquisition Corp., would pay $321 million cash, or $41.13 a share, in the deal. Watkins-Johnson shares jumped $6.13 to close at $37.75 on the NYSE.
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