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Uni-Marts Considers Sale, Merger
Pa. chain hires financial advisors to pursue strategic alternatives
STATE COLLEGE, Pa. -- Uni-Marts Inc. has engaged consulting firm Trefethen & Co. LLC and investment banking firm Morgan Keegan & Co. Inc. to act as financial advisors to the convenience store company in anticipation of a merger or sale of some or all assets.
The firms will help Uni-Marts in "the exploration and evaluation of strategic alternatives to enhance stockholder value, including a business combination or the sale of certain assets of the company," the company said in a prepared statement.
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Ayatollah Urges Oil Embargo
Calls for pressure against Western nations' support for Israel; OPEC rejects plan
TEHRAN -- Iran's supreme leader Ayatollah Ali Khamenei on Friday called on Arab states to launch a "symbolic" one-month oil embargo against Western countries to pressure them to stop supporting Israel, according to a Reuters report.
"Arab governments can use oil as a weapon. They can cut off the flow of oil to all the countries which have good ties with Israel," Khamenei said in a sermon during the Muslim Friday prayers in Tehran. "I am not saying to cut it forever, just for one month in a symbolic way. If they [Western countries] do not receive oil, their factories will come to a halt. This will shake the world."
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