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March 31, 1998

* San Rafael-based Children's Discovery Centers of America Inc. said it agreed to be acquired by closely held Knowledge Universe for as much as $99.1 million in cash, as Knowledge Universe expands its educational services to children from infancy through eighth grade.

* San Francisco-based California Federal Bank said that it had signed an agreement to sell its Florida bank franchise to the Florida unit of Union Planters Corp. for $110 million.

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