Stride Rite Rejects Offer: The Cambridge, Mass.-based...
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Stride Rite Rejects Offer: The Cambridge, Mass.-based manufacturer of children’s shoes said its directors have spurned a $900-million takeover bid from a group of investors. Stride Rite received the $32-per-share offer in December from a group led by Walsh, Greenwood & Co. in Greenwich, Conn. A spokesman said the group will consider what steps to take.
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