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Blackstone Buys Majority Stake in SPANX, Inc.

SPANX, Inc., the mission-driven womenswear brand founded by Sara Blakely in 2000, today announced a definitive agreement for a majority investment from funds managed by Blackstone (“Blackstone”), a leading global investment business.

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Fifty years ago, Mercedes-Benz secured a fundamental airbag patent

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The airbag is one of Mercedes-Benz’s outstanding innovations in the field of passive safety. For this success story, 23 October 1971 was an important date: on that day, the then Daimler-Benz AG applied for a patent entitled “Impact protection device for the occupants of a motor vehicle” (patent specification DE 21 52 902 C2) fifty years ago.

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