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Tod Nestor, CFO and senior vice president of finance at The Penn Traffic Co., a Syracuse, N.Y.-based regional grocery retailer, says his $1 billion company decided last year it needed to undergo a strategic consolidation, focusing on “what we do best.” A decision was made to divest its wholesale and bakery operations, leaving just the retail unit, which operates supermarkets in the northeastern U.S. Instead of hiring an investment bank to work out the pricing, Nestor turned to Oracle Corp.’s Hyperion Strategic Finance application.

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