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Christopher & Banks to review $64 million buyout offer
Plymouth, Minn. -- Christopher & Banks Corp. said Tuesday it had received a takeover offer from private equity firm Aria Partners. The value set on the retailer is approximately $64 million.
The retailer said it will review the offer.
Aria currently owns 4% of Christopher & Banks shares.
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Fresh Market closing in on first California stores
Greensboro, N.C. -- High-end grocer The Fresh Market is making a stand in California, as it prepares to open its first three stores in the state.
According to a Tuesday report by Investor’s Business Daily, Fresh Market has signed leases and begun construction on one store in Santa Barbara, one in Palo Alto and a third in Roseville. The grocer said it expects to open its first store in the state either late this year or early 2013.