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CGX Kills Deal for Newbridge

HOUSTON—Consolidated Graphics (CGX) is no longer pursuing the acquisition of Dallas-based Newbridge Corp. The company did not disclose the reasoning behind its decision to terminate the letter of intent, but said it would continue to investigate potential acquirees that meet with its overall growth strategy. The proposed Newbridge Corp. deal had not been factored into CGX's prior financial guidance, thus it will not produce any impact on future financial results.