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BRIEFLY

The SEC said Allied Stores failed to disclose talks.

June 30, 1987

The Securities and Exchange Commission accused Allied of failing to notify shareholders of negotiations last fall to fend off a hostile takeover attempt. The SEC, in an administrative proceeding, said the New York-based company failed to comply with disclosure requirements. Allied held a series of negotiating sessions last fall with Edward J. DeBartolo Corp. of Ohio, seeking to sell some of its shopping centers or to be acquired in a friendly merger, the SEC said. The talks were a result of a hostile takeover attempt by Campeau Corp., the SEC said.

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