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New York Times Rises on Possible Sale of Boston Globe

New York Times Co. surged as much as 10 percent in late trading after an investor group said it may make an offer to acquire the company’s Boston Globe.

Times Co. rose 38 cents to $8.01 at 6:11 p.m. in extended trading after earlier touching $8.42. The shares fell 16 cents to $7.63 at 4 p.m. in New York Stock Exchange composite trading.