AEROSPACE & DEFENSE
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From Times Staff and Wire Reports
LTV Seeks OK of Martin Marietta Offer: LTV Corp. signed a definitive agreement to sell its aircraft and missiles operations to Martin Marietta Corp. for $440 million in cash and preferred stock, the companies said. LTV submitted the offer for court approval. A hearing is scheduled for Aug. 13 before U.S. Bankruptcy Judge Burton Lifland. The price consists of $396 million in cash and $44 million in preferred stock.
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