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Is Bigger Better?
By Timothy M. Otte
July 14, 2005

Shareholders of department store companies Federated (NYSE: FD) and May (NYSE: MAY) approved the merger of the two firms on Wednesday. This brings the deal one step closer to the anticipated third-quarter completion, although the Federal Trade Commission must still approve the merger.

The market already appears to have given its stamp of approval to the deal, as shares of Federated have risen from the high $50s to the mid-$70s since the announcement in February...
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