BUSINESSWEEK ONLINE : FEBRUARY 1, 1999 ISSUE
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INTERNATIONAL -- EUROPEAN BUSINESS

Simpson Shakes Up GEC

SELLS
Marconi Electronic Systems to British Aerospace, raising GEC's war chest to an estimated $4.5 billion

AIMS
to use cash to fund expansion of high-tech business in Europe and the U.S., particularly in telecom and medical equipment, business systems, and electronic commerce

IMPROVES
shareholder value by disposing of an addditional $1.7 billion in unwanted assets since 1996

DATA: COMPANY REPORTS


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