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Factory 2-U to sell assets

Factory 2-U Stores Inc. yesterday announced that it will sell substantially all of its assets to Factory 2-U Acquisition LLC, a company formed by an affiliate of National Stores Inc., The Alamo Group, Garcel Inc., The Great American Group and The Ozer Group LCC, for about $28 million. The agreement is

part of Factory 2-U's Chapter 11 bankruptcy proceedings.

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