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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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