Monday, Jun 27, 2016
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Groupon stock jumps, Lefkofsky named CEO

SAN FRANCISCO — Groupon Inc.’s choice of Eric Lefkofsky as permanent chief executive officer entrusts the daily deals site’s turnaround plans to a controversial Chicago billionaire with a history of failed endeavors.

News of Mr. Lefkofsky’s official appointment sent stock soaring; Groupon closed at $10.66 on the Nasdaq, up $1.88 for the day, or 21.56 percent.

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