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Don't know how this will affect things today. Chart was starting to look a little weak.

In a press release Tuesday, the New York bookseller said it will acquire all of DirectGroup Bertelsmann's stake in a combination of cash and notes, equivalent to $2.80 a share or LLC membership unit. DirectGroup Bertelsmann is a division of German media company Bertelsmann AG.

The transaction, which is subject to customary conditions, is expected to close within 45 days.

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