M&A cooled down when summer heated up."It was almost inevitable. After a blistering June that saw announced deals hit $20 billion in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area--thanks largely to one mega television industry sale--local mergers and acquisitions plunged last month to just $4.7 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data compiled for the Business Journal by Goldsmith Agio AGIO, aggio. This term is used to denote the difference of price between the value of bank notes and nominal money, and the coin of the country. Encyc. Helms, a Minneapolis-based investment. The slowdown came amid the peak summer vacation Summer vacation (also called summer holidays or summer break) is a vacation in the summertime between school years in which students are off for 3 months, depending on the country and district. season when activity on Wall Street normally slows, though local investment bankers cautioned about reading too much into the monthly numbers. "We continue to see incredible strength and a very high level of deal flow in Los Angeles and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, in general," said Greg Range, managing director of the Los Angeles office of Duff & Phelps LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Indeed, if it were not for the $13.7 billion sale of Univision Communications Inc. in June, M&A activity would have been off by far less in July, which saw 81 announced deals--just three fewer than the preceding month. The bottom line: with private equity funds still with more than $100 billion in their pockets, it's unlikely M&A activity will see a sustained slowdown anytime soon. The single largest deal in July saw Los Angeles private equity firm Leonard Green & Partners LP team up with Texas Pacific Group to acquire San Diego-based pet food and supplier retailer Petco Animal Supplies Inc. for $1.8 billion. Among other deals in July many were in industry sectors particularly strong in Los Angeles. In banking, Los Angeles-based Cathay General Bancorp. spent $23.5 million to acquired New Asia Bancorp Inc., a holding company for an Illinois-chartered bank. With international trade continuing to expand, the month also saw deals among freight forwarders. UTi Worldwide Inc. in two separate transactions bought two Israeli firms, including Transclal Trade Ltd., for $19.8 million. And with the price of gas likely to remain high, Thousand Oaks-based USA Petroleum Corp. sold 122 gas stations to San Ramon San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
The entertainment industry saw one big deal. The nation's largest promoter, Live Nation Inc., paid $350 million to acquire competitor House of Blues House of Blues (HOB) is a chain of music halls and restaurants founded in 1992 by Hard Rock Cafe founder Isaac Tigrett and his friend and investor Dan Aykroyd. It is a home for live music and southern-inspired cuisine, whose clubs celebrate African-American culture, specifically Entertainment Inc. Both companies are in Los Angeles. M&A Report--September 2006 BUSINESS SERVICES Seller: Advantium Inc. (Hudson, OH) Business: Provides business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services Buyer: Accenture Finance Solutions Inc. (El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and ) Deal Value: ND Seller: Automax Pacific L.L.C. (Covina) Business: Owns and operates three consumer automobile retailing stores Buyer: Nationwide Auction Systems (City of Industry) Deal Value: $10.3 Million Seller: Bentley Commerce Corp.--CollectACheck (Long Beach) Business: Provides electronic check collection services Buyer: ePayments Corp. (Denver, CO) Deal Value: ND Seller: Broder Webb Chervin Silbermann Agency (Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. ) Business: Hollywood talent agency Buyer: International Creative Management Inc. (Beverly Hills) Deal Value: ND Seller: BulkRegister LLC (Baltimore, MD) Business: Domain name registrar An organization that manages Internet domain names. Any person or company that wants a presence on the Internet must register a unique name with one of the many registrars, such as Network Solutions (www.netsol.com) or Go Daddy (www.godaddy.com). Buyer: Demand Media Inc.--eNom Inc. (Los Angeles) Deal Value: NO Seller: CDSNet Inc. (Los Angeles) Business: Provides passenger transportation as well as manages paratransit and transportation support operations Buyer: Tectrans Inc. (Los Angeles) Deal Value: ND Seller: Creative Solutions Group--P.O.P. Displays International Inc. (El Segundo) Business: Manufactures and designs point-of-purchase displays Buyer: Sun Capital Partners Inc. (Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , FL) Deal Value: ND Seller: Discovery Air Cargo Inc Aircargo Communities Inc known as Air Cargo Inc, is the largest network of Air Freight Cartage agents and trucking companies providing services to the airline and freight forwarding community in North America. . (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) Business: Provides freight-forwarding services Buyer: Target Logistic Services Inc. (Compton) Deal Value: ND Seller: Diversified Paratransit (Los Angeles) Business: Provides passenger transportation as well as manages paratransit and transportation support operations Buyer: Tectrans Inc. (Los Angeles) Deal Value: ND Seller: Emergency Disaster Systems Inc. (City of Industry) Business: Provides disaster mitigation services, emergency preparedness, and first response products Buyer: US BioDefense Inc. (City of Industry) Deal Value: ND Seller: Evertrust Bank EverTrust Bank (華信商業銀行), or Ever Trust Bank and Evertrust Bank, as its advertisement often appeared in the local Chinese media, is a overseas Chinese bank in the United States. (City of Industry) Business: Provides commercial banking services Buyer: Industrial Bank of Taiwan--IBT Holdings Corp. (Taiwan) Deal Value: $67.0 Million Seller: Financial Freedom Senior Funding Corporation (Irvine) Business: Single-family home mortgages Buyer: IndyMac Bank Indymac Bancorp, Inc. (NYSE: IMB) (Indymac®) is the holding company for Indymac Bank, F.S.B. (Indymac Bank®), the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. (Pasadena) Deal Value: $80,0 Million Seller: Fritz Brothers Tree Service LLC (Shalimar, FL) Business: Provides tree care services Buyer: ValleyCrest Cos. (Calabasas) Deal Value: ND Seller: Gorry Meyer & Rudd (Los Angeles) Business: Law firm Buyer: Venable LLP LLP - Lower Layer Protocol (Washington D.C.) Deal Value: ND Seller: HealthLink Medi-Van (Redlands) Business: Provides passenger transportation as well as manages paratransit and transportation support operations Buyer: Tectrans Inc. (Los Angeles) Deal Value: ND Seller: Meridian Informed Purchasing Ltd. (United Kingdom) Business: Provides business process outsourcing services Buyer: Accenture Finance Solutions Inc. (El Segundo) Deal Value: ND Seller: New Asia Bancorp Inc. (Chicago, IL) Business: Holding company for New Asia Bank Asia Bank, N.A. (Asia Bank, National Association) is an Overseas Chinese bank with offices in the Northeastern United States. Its offices are located as follows:
Buyer: Cathay General Bancorp (Los Angeles) Deal Value: $23.5 Million Seller: Send2Fax, LLC (Ridgeland, SC) Business: Provides Internet fax services Buyer: 32 Global Communications Inc. (Los Angeles) Deal Value: ND Seller: Shareholders of Bevery Hills Bancorp Inc. (Calabasas) Business: Provides commercial banking services Buyer: Beverly Hills Bancorp Inc. (Calabasas) Deal Value: $24.8 Million Seller: Transclal Trade Ltd. (Israel) Business: Provides freight-forwarding services Buyer: UTi Worldwide Inc. (Los Angeles) Deal Value: $19.8 Million Seller: Wesco Aircraft Hardware Corp. (Valencia) Business: Distributes aerospace hardware and provides inventory management services Buyer: The Carlyle Group LLC (Washington D.C.) Deal Value: ND Seller: Windward Capital Partners--Mobile Storage Group Inc. (Burbank) Business: Provides shipping containers, truck trailers, and mobile offices Buyer: Welsh, Carson, Anderson & Stowe (New York, NY) Deal Value: $500.0 Million Seller: Yellow Cab of Greater Orange County (Anaheim) Business: Provides passenger transportation Buyer: Tectrans Inc. (Los Angeles) Deal Value: ND Seller: Zim Integrated Shipping Services Zim Integrated Shipping Services (Hebrew: צים), formerly Zim American Israeli Shipping and ZIM Israel Navigation Company Ltd. -Newtog Ltd. (Israel) Business: Provides freight-forwarding services Buyer: UTi Worldwide Inc. (Los Angeles) Deal Value: ND CONSUMER Seller: Barclays Global investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. , Columbia Wanger Asset Management, L.P., Goldman Sachs Asset Management, LP., T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. Associates Inc.--Petco Animal Supplies Inc. (San Diego) Business: Operates a chain of retail pet food and supply stores Buyer: Leonard Green & Partners, L.P., Texas Pacific Group (Los Angeles) Deal Value: $1.8 billion Seller: Berkshire Partners LLC--Savers Inc. (Boston, MA) Business: Operates outlets and retail stores Buyer: Freeman Spogli & Co. (Los Angeles) Deal Value: $550.0 Million Seller: CINQ Group LLC dba TRUNK Ltd. (Los Angeles) Business: Markets licensed and branded apparel Buyer: Live Nation Inc. (Beverly Hills) Deal Value: ND Seller: Interflora Holdings Ltd. (United Kingdom) Business: Providers floral-related products and services in the United Kingdom Buyer: LGP LGP Linux Game Publishing LGP Low Ground Pressure LGP Local Governance Program (Iraq) LGP LG.Philips LGP Lysosomal Membrane Glycoprotein LGP Linux Global Partners LGP Left-Green Alliance (Iceland) Management Inc.--FTD Group Inc. (Los Angeles) Deal Value: $122.1 Million Seller: Intervisual Books Inc. (Inglewood) Business: Publishes children's books Buyer: Dalmatian Press LLC (Franklin, TN) Deal Value: $9.6 Million Seller: La-Z-Boy Inc.--American of Martinsville (Monroe, MI) Business: Manufactures and supplies contract furnishings to the hospitality, senior living, and government markets Buyer: Hancock Park Associates Inc. (Los Angeles) Deal Value: ND Seller: Magna Entertainment Corp. (Canada) Business: Owns and operates horse race tracks Buyer: Hotchkis and Wiley Capital Management LLC (Los Angeles) Deal Value: ND Seller: Naot Footwear Industries (Israel) Business: Produces orthopedic footwear Buyer: Shamrock Holdings Inc. (Burbank) Deal Value: $14.1 Million Seller: Radica Games Ltd. (Hong Kong) Business: Manufactures electronic games and toys Buyer: Mattel Inc.--Mattel Foreign Holdings Ltd. (El Segundo) Deal Value: $227.4 Million Seller: Rapid Dating Inc. (Santa Monica) Business: Provides dating services for single professionals Buyer: Integrated Enterprises LLC (Miami, FL) Deal Value: ND Seller: The Griffin Group Inc.--Hilton Scottsdale Resort & Villas (Beverly Hills) Business: Hotel and resort Buyer: The Procaccianti Group (Cranston, RI) Deal Value: ND Seller: YMT YMT Youth Mission Team (Australia) YMT Chibougamau, Quebec, Canada - Chibougamau (Airport Code) YMT Yanko Moto Tours (Motorcycle Tour Company in Chile) YMT Youth Music Tasmania Inc Vacations (Inglewood) Business: Operates a travel agency Buyer: First Choice Holidays PLC (United Kingdom) Deal Value: $49.6 Million Seller: Zapf Creation AG (Germany) Business: Manufactures play and functional dolls Buyer: MGA Entertainment Inc. (Van Nuys) Deal Value: ND ENERGY Seller: Aera Energy, LLC--Beta Oilfield (San Pedro) Business: Oil field Buyer: Pacific Energy Resources Ltd. (Long Beach) Deal Value: ND Seller: Buck Snag Field Prospect (Colorado County, TX) Business: Oil and gas prospect Buyer: Matrixx Resource Holdings Inc. (Malibu) Deal Value: $0.2 Million Seller: Carneros Energy Inc. (Bakersfield) Business: Oil and gas exploration and production company Buyer: Pacific Energy Resources Ltd. (Long Beach) Deal Value: $25.2 Million Seller: Phoenix Big-Industries LLC--Ethanol Production Facility (Goshen) Business: Ethanol plant Buyer: Altra Inc. (Los Angeles) Deal Value: ND Seller: USA Petroleum Corp.--122 Retail Stations (Thousand Oaks) Business: Operates retail gas stations Buyer: Chevron Corp.--Chevron USA Inc. (San Ramon) Deal Value: ND Seller: White Energy Ltd. (Dallas, TX) Business: Produces ethanol Buyer: Ares Partners Management Co. LLC, Columbus Nova (Los Angeles) Deal Value: $273.0 Million FOOD Seller: Fish Warehouse Corp. (Los Angeles) Business: Distributes seafood Buyer: Santa Monica Seafood Co. (Rancho Dominguez) Deal Value: ND Seller: Great Circle Family Foods LLC--3 Stores (Los Angeles) Business: Retail doughnut stores Buyer: Krispy Kreme Doughnuts Inc.--Southern Doughnuts, LLC (Winston-Salem, NC) Deal Value: $2.9 Million Seller: Naturade Inc. (Irvine) Business: Markets scientifically supported natural products Buyer: Redux Refers to being brought back, revived or restored. From the Latin "reducere." Holdings Inc. (Los Angeles) Deal Value: ND HEALTH CARE Seller: Capital Resource Partners, Gemini Investors, Marlborough Capital Advisors, Seacoast Capital, Seacoast Capital Partners, L.P.--Aspen Dental Management Inc. (North Syracuse, NY) Business: Dental practice management company Buyer: Ares Management LLC (Los Angeles) Deal Value: ND Seller: LightSpeed Technology (San Antonio, TX) Business: Manufactures endodontic Endodontic Pertaining to the inside structures of the tooth, including the dental pulp and tooth root, and the periapical tissue surrounding the root. Mentioned in: Root Canal Treatment endodontic instrumentation Buyer: Discus Dental Inc. (Culver City) Deal Value: ND Seller: Radiologix Inc. (Dallas, TX) Business: Provides diagnostic imaging services Buyer: Primedex Health Systems Inc. (Los Angeles) Deal Value: $208.0 Million INDUSTRIAL Seller: ArvinMeritor Inc.--LVA Motion Control Operations (Troy, MI) Business: Produces gas springs and vacuum actuators Buyer: AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there Industries LLC (Canoga Park) Deal Value: ND Seller: Eckler Industries Inc. (Titusville, FL) Business: Supplies aftermarket Corvette corvette, small warship, classed between a frigate and a sloop-of-war. Corvettes usually were flush-decked and carried fewer than 28 guns. They were widely employed in escorting convoys and attacking merchant ships during the great naval wars of the late 18th and and Classic Chevy parts and accessories Buyer: Century Park Capital Partners (Los Angeles) Deal Value: ND Seller: Ellison Company Inc.--Specialty Manufacturing Co. Inc. (Pinevilee, NC) Business: Supplies safety components, lighting systems, and accessories Buyer: Century Park Capital Partners Inc. (Los Angeles) Deal Value: ND Seller: GreenMan Technologies inc.--GreenMan Technologies of California (Malvern, AR) Business: Operates scrap tire recycling facilities Buyer: Vern Mabry (Azusa) Deal Value: ND Seller: Smart World Organics Inc. (Hudson, FL) Business: Produces soil enhancers, nutrients, organic pest control, and fungicide fungicide (fŭn`jəsīd', fŭng`gə–), any substance used to destroy fungi. Some fungi are extremely damaging to crops (see diseases of plants), and others cause diseases in humans and other animals (see fungal infection). products Buyer: American Soil Technologies Inc. (Pacoima) Deal Value: $0.9 Million Seller: Yarde Metals Inc. (Southington, CT) Business: Processes and distributes stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. and aluminum plate, rod, and bar products. Buyer: Reliance Steel & Aluminum Co. (Los Angeles) Deal Value: ND Seller: YFC-Boneagle Electric Co. (Taiwan) Business: Manufactures cables, power cords, and strips. Buyer: Prime Wire & Cable Inc. (Los Angeles) Deal Value: ND MEDIA Seller: Debmar-Mercury LLC (Santa Monica) Business: Distributes television programs Buyer: Lions Gate Entertainment
Deal Value: ND Seller: Entertainment Today (Los Angeles) Business: Publishes a weekly entertainment newspaper Buyer: Sun Media Investment Holdings Ltd. (Hong Kong) Deal Value: ND Seller: GoldPocket Wireless Inc. (Los Angeles) Business: Provides mobile interactivity and marketing solutions for media and entertainment companies Buyer: Motricity Inc. (Durham, NC) Deal Value: ND Seller: House of Blues Entertainment Inc. (Hollywood) Business: Music concert promoter Buyer: Live Nation Inc. (Beverly Hills) Deal Value: $350.0 Million Seller: Musictoday LLC (Crozet, VA) Business: Provides online fan clubs, e-commerce, and fulfillment Buyer: Live Nation Inc. (Beverly Hills) Deal Value: ND Seller: Panavision International Inc. (Woodland Hills) Business: Designs and manufactures high-precision camera systems for the motion picture and television industries Buyer: MacAndrews & Forbes Holdings Inc. (New York, NY) Deal Value: $13.4 Million Seller: Radio & Records Inc. (Los Angeles) Business: Provides news and information services See Information Systems. to the U.S. radio and record industries Buyer: VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User NV (Netherlands) Deal Value: ND Seller: Regent Communications Inc.--10 Radio Stations (Cincinnati, OH) Business: Radio station Buyer: Mapleton Communications (Los Angeles) Deal Value: $17.5 Million Seller: Strand Lighting Ltd.--Theatrical Lighting Business (Cypress) Business: Manufactures entertainment lighting and lighting systems Buyer: Genlyte Group Inc. (Louisville, KY) Deal Value: $13.5 Million Seller: The Walt Disney Co.--WFMX-FM (Burbank) Business: Radio station Buyer: Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. (San Antonio, TX) Deal Value: $15.7 Million Seller: UTV UTV Ulster Television UTV Utility Terrain Vehicle UTV Unmanned Transport Vehicle Software Communications Ltd.--Hungama TV (India) Business: 24-hour children's entertainment channel in India Buyer: The Walt Disney Co. (Burbank) Deal Value: $30.5 Million REAL ESTATE Seller: Holley Blake (United Kingdom) Business: Provides industrial real estate services in the United Kingdom Buyer: CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group Inc. (Los Angeles) Deal Value: $22.0 Million Seller: Polacheck Co. (Appleton, WI) Business: Commercial real estate brokerage Buyer: CB Richard Ellis Group Inc. (Los Angeles) Deal Value: $20.0 Million Seller: Rafter & Ohagan (Australia) Business: Provides valuation and property consulting services in Australia Buyer: CB Richard Ellis Group Inc. (Los Angeles) Deal Value: ND Seller: RealtyTracker LLC (Los Angeles) Business: Online realty network Buyer: Guthy-Renker Corp. (Palm Desert) Deal Value: ND TECHNOLOGY Seller: 3G-Scene Limited (United Kingdom) Business: Provides mobile gambling offerings Buyer: WPT WPT World Poker Tour WPT Waypoint WPT Wisconsin Public Television WPT Watson Poker Tour WPT Wonderlic Personnel Test WPT Wavelet Packet Transform WPT Wireless Power Transmission WPT Windfall Profit WPT Wireless Personal Terminal WPT Word Processing Technician Enterprises Inc. (Los Angeles) Deal Value: $2.9 Million Seller: Advanced Identification Inc.--TherMark Related Assets (Butler, PA) Business: Provides parts identification and laser marking solutions Buyer: TherMark Corporation (Los Angeles) Deal Value: ND Seller: Beijing SWT SWT - Standard Widget Toolkit Optical Communications Technologies Co. (Beijing) Business: Manufactures and develops optoelectronic products Buyer: Intra-Asia Entertainment Corp. (Monterey Park) Deal Value: ND Seller: C/S See client/server. Solutions Inc. (Manhattan Beach) Business: Provides business intelligence tools for the earned value management Earned Value Management (commonly abbreviated and referred to just as EVM) is a project management technique that seeks to measure forward progress in an objective manner. EVM is touted as having a unique ability to combine measurements of technical performance (i.e. marketplace Buyer: Deltek Systems Inc. (Herndon, VA) Deal Value: ND Seller: Dataflight Software Inc. (Los Angeles) Business: Provides evidence management software Buyer: Reed Elsevier PLC--LexisNexis Group (United Kingdom) Deal Value: ND Seller: ePolicy Solutions Inc. (Torrance) Business: Provides insurance policy administration software Buyer: ChoicePoint Inc. (Alpharetta, GA) Deal Value: ND Seller: GigaComm Corporation (Taiwan) Business: Taiwan-based provider of passive optical network fiber-to-the-home components Buyer: Optical Communication Products Inc. (Woodland Hills) Deal Value: $20.0 Million Seller: Intersperse in·ter·sperse tr.v. in·ter·spersed, in·ter·spers·ing, in·ter·spers·es 1. To distribute among other things at intervals: Inc. (Pasadena) Business: Provides management solutions for service-oriented enterprise applications Buyer: Tidal Software Inc. (PaiD Alto) Deal Value: ND Seller: Rockwell Automation Inc. / Rockwell Collins Inc.--Rockwell Scientific Co. LLC (Milwaukee, Wl) Business: Manufactures infrared and visible light imaging sensors and provides R&D services Buyer: Teledyne Technologies Inc. (Los Angeles) Deal Value: $167.5 Million Seller: TelSoft Solutions Inc. (Glendale) Business: Provides telecom expense management and call accounting software Buyer: MER mer Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods. Telemanagement Solutions Ltd. (Israel) Deal Value: $1.1 Million By LAURENCE DARMIENTO Managing Editor M&A Update Announced mergers and acquistions in L.A. County. Month Deals Deal Value October 72 6.5 billion November 66 9.2 billion December 73 19.6 billion January '06 60 16.0 billion February 64 4.0 billion March 67 12.2 billion April 65 5.9 billion May 88 10.9 billion June 84 20 billion July 81 4.7 billion Source: Goldsmith Agio Helms |
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