HOUSING: Levitt's Buy-Back

For the past 2% years, International Telephone & Telegraph Corp. has been trying without success to find a buyer for its Levitt home-building business, which the giant conglomerate is under a Justice Department order to sell. Last week a buyer finally surfaced. He was none other than William J. Levitt, the 67-year-old creator of the celebrated Levittown instant suburbs, who sold the business to ITT in 1968. Levitt signed a letter of intent to take the company back and said that he will operate it as a privately owned concern under its original...

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