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Hefner Buyout Accepted, Playboy to Go Private

Hefner Buyout Accepted, Playboy to Go Private

The publisher of Playboy magazine said Monday it has agreed to a sweetened offer by founder Hugh Hefner to take the company private. The price of $6.15 a share is an 18 percent premium over Friday's closing price and values the company at about $207 million. The bid tops Hefner's offer of $5.50 per share in July.

 

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