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BRIEFLY

October 27, 1987

KaiserTech Ltd. said it has hired Salomon Bros. and Drexel Burnham Lambert "to assist it in exploring all available financial alternatives and in determining what course best serves the interests of all shareholders." Chairman and largest shareholder Alan E. Clore, who has fallen victim to the stock market's plunge, has disclosed that he is in default to lenders who backed his $140-million investment and is talking with investors to sell all or part of his KaiserTech stake. A spokesman for the Oakland company, parent to Kaiser Aluminum & Chemical, declined to discuss what financial alternatives the company might be considering.

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