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BRIEFLY

December 29, 1987

American Telephone & Telegraph Co. has agreed to buy a small finance unit from Manufacturers Hanover Trust Co., the companies announced. The value of the deal was not disclosed. AT&T Credit Corp.'s purchase of the inventory finance division of Manufacturers Hanover's CIT Group will enable it to provide financing to independent dealers, distributors and resellers of AT&T equipment, AT&T said. The division has 47 employees and is based in Livingston, N.J.

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