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March 21, 1989 | From Times wire services
Billionaire Marvin Davis and the Prudential Insurance Co. of America said today they will purchase Spectradyne Inc., which provides pay-per-view movies to the hotel industry. Davis' Los Angeles-based Davis Cos. and Prudential said they agreed to pay about $635 million for the company from a group that had acquired it two years ago in a $450-million deal. The selling group consists of Acadia Partners, L. P., of Fort Worth, an entity affiliated with billionaire investor Robert M.
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