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#1611
Usually when a buyout occurs, Mike, there's a clause in the contract that prohibits the seller from developing anything remotely near what they sold.
An example would be Church's Fried Chicken. When the owners sold out, they had to agree not to go into the chicken business ever again. Somebody else did, though, and I guess it was legal, cause there's Church's Fried Chicken places in this neck of the woods.