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Money

Mace Rejects Buyout Offer

Mace Security International in Mount Laurel, a maker of electronic surveillance and personal defense products and an owner and operator of car and truck wash facilities, today rejected an offer from California-based private-equity firm Kelly Capital to

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Refac Going Private

Refac Optical Group, a retail optical chain based in Blackwood, will soon go private. A group led by investment manager Palisade Capital Management and Palisade Concentrated Equity Partnership intends to take Refac private through a short-form merger with ROG Acquisition. The group controls more than 90 percent of Refac’s outstanding shares

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EDA Sees Drop in Activity

The New Jersey Economic Development Authority finalized some $660 million in financing assistance last year in support of companies and projects throughout the state, down from about $856 million in 2005. The EDA closed $425.5 million in bonds, loans, loan guarantees and environmental-assistance grants

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