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Jeweler Blue Nile agrees to be taken private for $500 mln
November 7, 2016 / 12:43 PM / a year ago

Jeweler Blue Nile agrees to be taken private for $500 mln

Nov 7 (Reuters) - Online jeweler Blue Nile Inc said on Monday it agreed to be taken private by an investor group that includes Bain Capital Private Equity and Bow Street LLC for $500 million in cash.

The $40.75 per share offer represents a nearly 34 percent premium over Blue Nile’s closing price on Friday. (Reporting by Siddharth Cavale in Bengaluru; Editing by Martina D‘Couto)

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