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Clark Retail Enterprises Inc. has struck a deal to sell Chicago-based c-store chain White Hen Pantry Inc. to New York-based investment firm Angelo Gordon & Co. for $45 million,.

A group of White Hen senior executives, including CEO Brandon K. Barnholt, is slated to acquire a small stake (less than five percent) in the new company, which will be called WHP Corp.

Clark has been in bankruptcy protection since October 2002. the company acquired White Hen three years ago for about $80 million.
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