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A federal judge in New York has ordered that a trustee be appointed to run Marvel Entertainment Group Inc. instead of the board of directors installed by investor Carl Icahn. The appointment of a trustee had been sought by a consortium of banks led by Chase Manhattan, which loaned the New York-based company $712 million. Icahn won control of Marvel after leading a bondholder effort to take over the company while it tried to reorganize in Bankruptcy Court. . . . Menlo Park, Calif.-based Spieker Properties Inc. agreed to buy about $297 million of California real estate, including the San Jose Concourse office complex, according to an SEC filing. . . . Consolidated Edison Co. of New York said its stockholders approved a plan to form a new holding company with four units. The new company, called Consolidated Edison Inc., will own the regulated utility ConEdison and divide the rest into three unregulated energy companies.
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