TheStreet shares soar after company unloads $55M in stock

Shares of TheStreet soared 34 percent on Monday after the financial news Web site got rid of $55 million in preferred stock — which was seen as a hindrance for any possible takeover. The company, co-founded by Jim Cramer, paid about $27 million to retire the shares — including $20 million in cash, $8 million…

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