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HEDGE FUND REVEALS PENN TRAFFIC HOLDINGS -- A hedge fund controlled by billionaire investor Steven A. Cohen has purchased a 9.7% ownership stake in Penn Traffic with an eye toward benefiting from various strategic alternatives available to the retailer here. Cohen's CR Intrinsic Investors in a government filing last week said it had purchased 805,000 shares of Penn Traffic in the open

HEDGE FUND REVEALS PENN TRAFFIC HOLDINGS

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