Martha Stewart Eyes Auction Block

May 24, 2011  by in UnCategorized   

By Aggregated Content in Business Strategy on May 25, 2011 from http://c.moreover.com/click/here.pl?r4669669204&f=10761

Martha Stewart Living Omnimedia Inc., home of how-tos, a line of home furnishings  and many, many Good Things, announced Wednesday it has hired investment firm Blackstone Advisory Partners to explore a potential sale of the business, sending shares of the company soaring more than 35% on the New York Stock Exchange.

At 11:20 a.m. EDT, shares of Martha Stewart Living were up about 31% to US$4.94, after hitting a high of US$5.10 a share earlier in the morning.

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