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Scotts Co., maker of Miracle-Gro plant food and Turf Builder fertilizer, plans to reorganize into a holding company and change its name to promote its top two brands and expand its businesses, the company said. Shareholders will receive one share of the new company, to be called Scotts Miracle-Gro Co., for each Scotts Co. share, the Marysville, Ohio-based company said in a regulatory filing.

Billionaire financier Carl Icahn said he bought an 8.4 percent stake in Hollywood Entertainment Corp., the video-rental chain being bid on by Blockbuster Inc., Movie Gallery Inc. and a group including Chief Executive Mark Wattles. Icahn companies bought 5.11 million shares of Hollywood Entertainment between Nov. 11 and Nov. 26 and may get involved with an offer for Hollywood Entertainment, according to a filing Icahn made Friday with the Securities and Exchange Commission.

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