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At the computer maker's annual meeting, Gerald G.
Sperry Corp. broke off preliminary merger talks with Burroughs late Monday, rejecting a sweetened
Burroughs Chairman W. Michael Blumenthal and Sperry Chairman Gerald G.
for a formal answer from Sperry to its latest, $75-a-share takeover offer; Sperry insisted that its rejection Monday was official.
Sperry yielded to a sweetened bid by Burroughs on Tuesday, accepting a $4.8-billion merger proposal
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