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Acquisitions

Today on "Who Wants to Own McCormick & Schmick's," Nation's Restaurant News reports that a Chicago-based investment firm has purchased a 6.3% stake in the company. Though analysts think the Discovery Group's investment is "a move to take advantage of what will likely be a higher bid" by long-time McCormick suitor Tilman Fertitta, the move could signal a turnaround for the chain, which reported drops in sales for the last two quarters. [NRN]

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