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September 10, 2003 | From Bloomberg News
Varsity Brands Inc., which makes uniforms for cheerleading, dance and sports teams, settled shareholder lawsuits challenging a planned $130.9-million sale to managers and investor Leonard Green & Partners. In April, Memphis, Tenn.-based Varsity said stockholders would receive $6.57 a share, a 40% premium at the time. Suits were filed in state courts in Delaware and Tennessee to stop the buyout. A shareholders' meeting to vote on the transaction is scheduled for Monday in New York.
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BUSINESS
September 10, 2003 | From Bloomberg News
Varsity Brands Inc., which makes uniforms for cheerleading, dance and sports teams, settled shareholder lawsuits challenging a planned $130.9-million sale to managers and investor Leonard Green & Partners. In April, Memphis, Tenn.-based Varsity said stockholders would receive $6.57 a share, a 40% premium at the time. Suits were filed in state courts in Delaware and Tennessee to stop the buyout. A shareholders' meeting to vote on the transaction is scheduled for Monday in New York.
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BUSINESS
April 2, 2008 | Alana Semuels, Times Staff Writer
At a national cheerleading competition last month, girls wearing short skirts and purple eye glitter competed for points at the Anaheim Convention Center. But the real contest was going on in the beauty lounge. The prize: the loyal buying habits of brand-obsessed teens. At a vanity table in a corner of the convention center, Jessica Lopez, a 14-year-old from West Covina, learned how to make her tresses stand up on end with Herbal Essences hair spray.
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