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REGIONAL ROUNDUP

K-7 Capital Scraps Plan to Acquire Patriot Airlines

June 16, 1992

K-7 Capital Corp. in Sherman Oaks said it scrapped plans to acquire Patriot Airlines Inc., a charter air-cargo carrier based in Redwood City, Calif.

In preliminary talks, the companies had proposed merging through an exchange of stock, but specific terms had not been announced. K-7 Capital said it would continue looking for privately held companies as potential merger candidates.

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