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Yankee Candle to Buy Illuminations, Explore Options

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By: TOM BRANNA

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Yankee Candle Inc. will acquire the Illuminations brand, certain assets and stores for $22 million. The deal is expected to close by Aug. 1. The South Deerfield, Mass.-based Yankee Candle also said it hired Lehman Brothers to assist it in an analysis and consideration of potential strategic alternatives to enhance shareholder value, including a potential sale of the company. “We are confident in our business strategy and optimistic about our future financial performance,” Craig R...

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