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Actionable news in TFM: The Fresh Market, Inc.,

Fresh Market (TFM) Stock Spikes on Possible Privatization

NEW YORK (TheStreet) -- Fresh Market (TFM - Get Report) stock is advancing by 7.58% to $26.13 in late afternoon trading on Friday, as founder and board chairman Ray Berry contacts buyout firms about the possibility of taking the company private, sources told Reuters.

Berry is looking for an equity partner to help him come up with an offer for the specialty grocery retailer, sources told Reuters.

The founder has a 4.1% stake in the company, and former CFO and son-in-law Michael Berry has a 6.4% stake, which he is considering rolling out, according to Reuters.

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The talks will not necessarily result in an offer, Reuters notes.

Fresh Market has a market capitalization of $1.28 billion.

Separately, TheStreet Ratings team rates FRESH MARKET INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate FRESH MARKET INC (TFM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with...


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