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From Times Staff and Wire Reports
Borden Suitor Raises Bid: Investor Paul Kazarian said he raised his bid for a part of Borden Inc., offering $660 million rather than $430 million for a minority stake in the food and consumer products company. In a meeting before reporters and analysts, Kazarian responded to questions from the Borden board of directors seeking further details about the offer. On Monday, Borden’s board rejected Kazarian’s earlier offer as “not realistic or credible.”
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