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US private equity firm to buy Connors

This article was originally published in Foodnews

UNITS in canned seafood group Connors Bros Income Fund gained more than 30% last week, amid news that a US private equity firm is to take over the trust. Centre Partners Management has reportedly signed a deal to buy Connors Bros for US$8.50 per unit, meaning a total of US$437.5 million, reports The Canadian Press.

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