N.Y. BAGEL WON'T BUY BURBANK RIVAL.Byline: Deborah Adamson Daily News Staff Writer Bagel producer-seller 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 Bagel Exchange has dropped previously announced plans to buy Burbank-based Bake It Again, Sam because the local rival no longer fits its needs. The Northridge-based company had said in January it would buy the business for an undisclosed price, calling Bake It Again, Sam a ``highly successful'' business and saying the operations would supplement its own business. But New York Bagel Exchange changed its mind this week. ``It didn't fit our parameters,'' said Daniel Thornton, vice president of investor relations Investor relations The process by which the corporation communicates with its investors. , on Tuesday, but did not elaborate. Sam Leslie, president of Bake It Again, Sam, said his company was hit by a lawsuit from New York Bagel after the buyout deal was announced and countersued. The lawsuits were settled out of court, but Leslie declined to divulge details, citing a confidentiality agreement. New York Bagel, which has one eatery in Canoga Park, said its expansion plans will continue despite the collapse of the buyout. The company is negotiating two acquisitions, Thornton said, and plans to increase its number of locations, which will be decorated in the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. theme. Thornton said the menu will look like a stock certificate, drinks will be called liquid assets Cash, or property immediately convertible to cash, such as Securities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable. and servers will wear blue jackets just like the traders on the floor of the real exchange. There will also be ticker tape Ticker Tape A computerized device that relays financial information to investors around the world, including the stock symbol, the latest price, and volume on securities as they are traded. machines and TV monitors displaying stock quotes and breaking news. New York Bagel is betting that patrons will flock to its themed eateries to give it a boost in the competitive bagel business. The publicly held company, which has traded over-the-counter since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. last year, can use the business. It lost $152,612 on sales of $534,803 last year, an improvement over 1996, when it lost $181,323 on sales of $127,456 because of disproportionately higher operating expenses. |
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