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Oneida Agrees To Buyout By Two Hedge Funds

By Catherine Fredenburgh ( July 17, 2006, 12:00 AM EDT) -- Bankrupt flatware maker Oneida Ltd. has agreed to be bought out by two of its shareholders—hedge funds D.E. Shaw Laminar Portfolios LLC and Xerion Capital Partners LLC—for a minimum of $222.5 million, a move Oneida touted as a win for both the company and its creditors....

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