UPI officials will cooperate in seeking a buyer.
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The news service’s chairman, Luis Nogales, and the company’s two owners said they will set aside a running dispute over day-to-day control of the firm and work together to speed UPI’s sale. The wire service filed April 28 for protection under U.S. bankruptcy laws. A UPI story, quoting unidentified sources, said Nogales and co-owners Douglas Ruhe and William Geissler have agreed to end public bickering, which has discouraged offers from potential investors.
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