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VALLEY ROUNDUP

Marantz Sells Pianocorder Division to Japanese Firm

September 15, 1987

Marantz, the Chatsworth consumer electronics firm, sold its Pianocorder Division for an unspecified amount to Nippon Gakki Co. Ltd.

Dynascan, a Chicago electronics firm that bought Marantz last February for $14 million, said the proceeds from the sale will help pay off debt and will lower its effective purchase price of Marantz to $11 million.

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