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Henley to Buy Manufacturer: Henley Group Inc. said it has...

BRIEFLY

April 11, 1989

Henley to Buy Manufacturer: Henley Group Inc. said it has agreed to purchase Wasserstein, Perella & Co.'s 50% interest in PA Holdings Corp. for about $165 million in cash. The transaction will make Henley the sole owner of PA Holdings, which primarily manufactures aircraft equipment and had about $1 billion in sales in 1988.