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BRIEFLY

Warner confirmed its offer for Chappell.

May 14, 1987

The New York-based entertainment company announced an agreement in principle to acquire Chappell & Co., one of the world's largest music publishers, from a group of private investors. The terms of the transaction were not disclosed, but sources have said that Warner Communications offered about $200 million. Warner said the deal is subject to regulatory approvals and the execution of a definitive agreement.

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