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BRIEFLY

October 24, 1987

CJI Industries proposed to acquire Triangle Industries, a much larger firm, in a stock-and-cash transaction valued at about $1 billion. The merger would combine two major holdings of Nelson Peltz and Peter W. May, the industrialists who built Triangle from copper wire and jukebox maker into the nation's biggest container company, with projected 1987 revenue of about $4 billion. Peltz is chairman and chief executive of both companies and May is president of Triangle and CJI. Together they own stock comprising 56% of the voting power in Triangle, which in turn holds 38% of the voting power in CJI.

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