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CITIZEN WATCH COMPANY to buy BULOVA

October 8, 2007


Citizen said it will buy all shares of Bulova Corp. from Loews Corp. for $246 million in January. Citizen wants to strengthen its wristwatch presence in the $200-$600 price range. A representative from Bulova Corp. said that this will help them expand in the U.S., which is the world's biggest market for watches. Bulova owns brand names Accutron, Caravelle and Wittnauer.

Citizen


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