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The Wall Street Journal: Safeway to pay hedge funds $44.50 a share to settle buyout suits
2015-06-02 20:13:20| Grocery - Topix.net
Safeway Inc. will pay a group of investment funds about 27% more than other shareholders received when the grocery chain was sold to private-equity-backed Albertsons earlier this year for $7.6 billion, a big win for hedge funds that challenge deals in court. Albertsons will pay three funds, which owned about 6% of Safeway stock, $44.50 a share in cash, or about $134 million more, as part of a court settlement in a buyout-related lawsuit, according to people familiar with the matter.
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Stocks on Wall Street close higher
2015-06-01 22:42:33| BBC News | Business | UK Edition
US stocks close higher, buoyed by merger news and encouraging economic figures.
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Nike Appears Implicated in FIFA Crackdown, The Wall Street Journal Reports
2015-05-28 00:54:45| Footwear - Topix.net
Beaverton-based sportswear giant Nike appears implicated in the U.S. Department of Justice sting of alleged corruption in FIFA , according to reports in The Wall Street Journal and Bloomberg Business. The DOJ indictment of top officials in FIFA, the world soccer governing body, alleges bribery involving "a multinational sportswear company headquartered in the United States" to get a deal to make uniforms for Brazil's national soccer team.
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The Wall Street Journal: Hormel to buy organic meat maker Applegate for $775 million
2015-05-27 00:18:58| Food - Topix.net
Hormel Foods Corp. agreed to buy Applegate Farms LLC for about $775 million, a move that would give the maker of Spam a foothold in the organic-meats category. paid $7.7 billion for Hillshire Brands Co., which makes Jimmy Dean sausages, and Post Holdings Inc. bought egg and dairy-goods company Michael Foods Group Inc. A change in consumer eating habits is underpinning consolidation in the sector.
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The Wall Street Journal: BlackBerry co-CEOs were stunned when Steve Jobs showed what iPhone could do
2015-05-25 00:55:03| Telecom - Topix.net
Mike Lazaridis was home on his treadmill when he saw the televised report about Apple Inc.'s newest product. Research In Motion's founder soon forgot about exercise that day in January 2007.
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