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Washington - Korea's LG Electronics Inc. (formerly Goldstar) gained a strong entry into the emerging set-top box and high-definition TV markets when it agreed last week to acquire a controlling interest in Zenith Electronics Corp., Glenview, Ill.
The purchase also will help both companies develop and produce CRTs measuring more than 27 in. on the diagonal-as $165 million of the $350 million stock purchase will be used to add this capability to Zenith's picture tube plant in Illinois. Zenith, which supplies smaller CRTs to LGE already, will build new 30-in. and larger tubes for both companies.
Both companies gain in the digital...