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Blue Star bid for Hyde expires PEABODY, Mass. -- An offer to acquire Hyde Athletic Industries Inc., by Blue Star Holding Inc., Cambridge, expired recently, leaving Hyde with its original suitor, Silvershoe Partners, New York.
Blue Star's unsolicited offer last month to acquire Hyde through a cash merger at $9.50 per share followed Silvershoe's accepted offer at $8.50 per share. Hyde's agreement with Silvershoe prohibited any discussion by Hyde with other interested parties.