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February 02, 2001

* Top Litton Industries Inc. executives would get $45.9 million after the company's $5.1-billion sale to Northrop Grumman Corp. is completed, Litton said in a regulatory filing. The money would be paid for options, deferred shares and restricted shares that would become vested with completion of the sale. Meanwhile, Los Angeles-based Northrop extended the deadline for its tender offer for Woodland Hills-based Litton, the Navy's third-largest shipbuilder, to March 2. The offer was scheduled to expire today.

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