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* Individual Investor Group Inc., publisher of Individual Investor magazine and Insidertrader.com, said it hired investment bank Jordan, Edmiston Group Inc. to explore options, including a possible sale, after warning it’s running out of cash.
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* Newmont Mining Corp., the world’s No. 2 gold producer, agreed to buy rival Battle Mountain Gold Co., the fourth-largest, in a $557-million stock swap. Newmont will pay 0.105 share, valued at $2.42, for each share of Houston-based Battle Mountain. Newmont expects to assume about $199 million in debt in the deal.
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