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Argus Capital Partners, Annex Capital Management and Naxos Capital Partners, via their portfolio company Big Red, are in talks to acquire Jones Soda (NASDAQ: JSDA) through a $7.9 million LBO. The deal, which values the company's shares at $0.30 a piece, would represent a large discount over the stock's closing price of $0.66 per share at the time of the announcement. Jones Soda stock has since declined to $0.48 per share. North Point Advisors is acting as Jones' adviser on the potential deal.
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