On or about July 31, 1968 the appellant, Chronetics, Inc., purchased General Resistance, Inc. The business of General Resistance was continued under its own name and in the same premises it occupied prior to the acquisition. The board found that approximately 25% of the employees of General Resistance continued to work for the appellant employer, that the latter assumed the obligations of the former and that Chronetics acquired some of the good will of the purchased corporation...
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