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BRIEFLY

Aerospace

November 08, 1994|From Times Staff and Wire Reports

Rockwell Says Offer for Reliance Has Cleared Hurdles: The Seal Beach-based aerospace company said it has obtained all the regulatory approvals for its $30-a-share tender offer for all outstanding stock of Reliance Electric Co. Rockwell International Corp. announced the offer last month as it moved to buy Cleveland-based Reliance for $1.5 billion in cash. That beats a $1.4-billion stock swap offer that General Signal Corp. made for Reliance on Aug. 30.

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