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Standard & Poor’s Corp. said it has assigned its single-B rating to Savoy Pictures Ent. Inc.’s proposed $ 25 mil of 7% convertible subordinated debentures due July 1, 2003. S&P affirms its single-B rating on $ 80 mil subordinated debt issued in June.

Savoy, a start-up film distribution company, was formed in early 1992.

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Ferranti Intl. confirmed that General Electric Co. offered to buy it in a friendly takeover valued at T10.1 mil ($ 14.95 mil).

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Marvel Entertainment Group Inc. president and chief operating officer Terry Stewart said the company continues to back analysts’ ’93 earnings estimates of $ 1.05 to $ 1.08 a share, presplit.

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A $ 100 mil issue of CBS Inc. senior notes, due Nov. 1, 2023, was priced as 7 .125% at $ 99.94 to yield 7.13%. The non-callable notes, priced at a spread of 90 basis points above Treasury, are not rated by Moody’s Investors Service Inc., but are rated single-A by Standard & Poor’s Corp.