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FREDERICK'S OF HOLLYWOOD: OOH LA-LAFrederick's of Hollywood has finally tantalized the market. Since hitting a high of 6 1/2 a share last summer, Frederick's B stock had been mostly weak until management announced on June 14 that the company may be for sale. Shares jumped 29% in two trading days, to close at 5 on June 18. A trust that owns 50% of Frederick's needs to sell to raise cash to pay taxes, and the company's poor performance was depressing the stock. EDITED BY KELLEY HOLLAND
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Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
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