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IN BRIEF.(TO THE POINT)
Bayer, BASF and the Aventis Hoechst unit will sell their joint-venture textile-dye firm DyStar to Platinum Equity. The firms didn't disclose financial terms, but HVB Bank put the figure at $687.5 mil. Bayer and Aventis had 35% stakes, and BASF owned 30%. The deal still needs regulatory approval.
Yahoo co-founder Jerry Yang set up a blind trust to sell 8 mil shares of company stock over a 12-month period. Shares edged up to 30.66.
Plato Learning rose 10.5% to 10.51 after the firm beat views of a 16 cent loss in Q2 and lost 14 cents, a 27% widening of the year-ago loss, which had included ...
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