Gates said its pact with Rosenthal was terminated.
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Gates Corp. said the agreement between Gates and M. J. Rosenthal & Associates for the sale of Gates’ 65% stock holding in Gates Learjet Corp. to Rosenthal has been terminated. However, the company announced that discussions are continuing with Rosenthal and other potential buyers for Gates’ holdings in Learjet. The company still hopes to complete the sale by year-end.
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