Someone wants to buy Martha Stewart
Jun 19, 2015, 01:05 IST
Sequential Brands is close to a deal to acquire Martha Stewart Living Omnimedia, according to The Wall Street Journal, and now the stock is exploding higher.
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In late trade on Thursday, shares of Martha Stewart Living were up as much as 23% after the Journal's report, which said a deal with Sequential could be reached within days.
Terms of the deal were not known by the Journal.
Here's the pop in Martha Stewart shares on Thursday afternoon.
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