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Astec, the power converters company, has accepted a new approach from Emerson Electric of the US for the 49% stake it does not already own, in a deal that values Astec at £265m. 26-Nov-1998 Astec is to acquire the Advanced Power Systems operation of Canada's Northern Telecom for about £200m, as part of a strategy to move into the manufacture of higher value products for the telecoms sector. 15-Aug-1998 Emerson Electric, the US electronics concern, has called off plans to acquire the remaining 49% of Astec, having failed to win the approval of non-executive directors. 17-Mar-1998 Emerson Electric of the US is trying to acquire the remaining 49% of Astec, the electronic components company, in order to take tighter control and improve the management. 20-Jan-1998
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