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99 problems

11 March 2011 By Lisa Lee

Fresh on the heels of its unsavory takeover of retailer J Crew, the Los Angelesbased private equity firm is teaming up with ownermanagers to buy discount chain 99 Cents Only. The $1.3 bln bid offers a mere 14 pct premium. It smells like another sweetheart deal in the making.

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