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Alfred to acquire Warner Publishing: blockbuster purchase leaves Manus family in control of a...

ALFRED PUBLISHING has reached definitive agreement to acquire Warner Bros. Publications, uniting two of the world's major print music publishers. The combined enterprise will offer a comprehensive range of educational titles, method books, and pop music folios and will have annual sales approaching $90 million. Terms of the transaction, which is expected to close in March, were not disclosed.

Under the agreement, Alfred Publishing will acquire the entire Warner Bros. Publications business, which is based in Miami, Florida, and in the U.K. In addition, Alfred will enter