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Tuesday Morning Posts 9.2% Income Growth

BY CSA STAFF

Dallas, Tuesday Morning Corporation reported net income for the third quarter ended Sept. 30 increased 9.2% to $8.2 million, compared to $7.5 million for the third quarter of 2004. As previously reported, net sales for the third quarter of 2005 increased 3.3% to $192.3 million from $186.1 million for the third quarter last year. Comparable store sales, excluding the impact from the hurricanes, decreased 3.6% for the third quarter of 2005.

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Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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