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TheStreet.com hires investment bank to explore options

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New York—TheStreet.com, a financial analysis Web site, said Wednesday it has retained New York-based investment bank Allen & Co. to help it explore "strategic alternatives."

TheStreet.com said in a statement that "no decision has been made as to whether the company will engage in a transaction or transactions resulting from the board’s consideration of strategic alternatives."

The company could not be reached for additional comment.

In Thursday morning trading, the company’s stock rose 13.24% to $4.62.

—Carol Krol

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