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W. R. Berkley to see pretax gain of $130M on expected sale of investment

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W. R. Berkley to see pretax gain of $130M on expected sale of investment

W. R. BerkleyCorp. expects to book a pretax gain of approximately $130 million fromthe proposed sale of Aero Precision Industries and certain related aviationservices businesses.

Aero Precision Industries was wholly owned by W. R. Berkley.

The transaction is expected to close in the third quarter.