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Emeril Gets ‘Owned’ By Martha Stewart

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From CNN:

“The New York-based media and merchandising company founded by domesticity maven Martha Stewart announced Tuesday that it bought the rights to the Emeril Lagasse franchise of cookbooks, television shows and kitchen products for $45 million in cash and $5 million in stock at closing.

The final price could rise to up to $70 million if certain benchmarks are achieved.

The company did not acquire Emeril’s Homebase, which includes Lagasse’s 11 restaurants and corporate office.”

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