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RAPAPORT… Blue Nile agreed to be acquired by a private-equity investor group as the online diamond retailer’s profit slumped in the third fiscal quarter.

Bain Capital Private
Equity and Bow Street will buy all outstanding shares of Blue
Nile common stock for $40.75 per share, or about $500 million in total,
representing a premium of approximately 34 percent over the closing price November

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