Vegas apparel convention owner sold

Thu, Aug 17, 2000 (10:48 a.m.)

NEW YORK -- Donaldson Lufkin & Jenrette Inc.'s merchant bank agreed to buy Advanstar Inc. for more than $900 million from San Francisco buyout firm Hellman & Friedman LLC.

Advanstar is a trade-show and publishing company. Its MAGIC apparel show in Las Vegas draws 90,000 people twice a year.

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