Fashionmall.com Up 29.7% After Unsolicited Offer From Narax

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Internet shopping company Fashionmall.com (FASH) was halted in late afternoon with the stock up 29.7%. Narax, a mergers and acquisitions company, made an unsolicited offer of $3.50 a share for Fashionmall -- a premium of about 40% over its last price. Narax said it has already lined up financing for the deal.