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Durham, N.C.-based Cree said Wednesday that Wal-Mart Stores Inc. (WMT) signed a deal with the company to buy two kinds of its LED lights, which the retailer will install in 650 of its stores in the first year. Although the companies wouldn't disclose the value of this deal for Cree, or exactly how many lights Wal-Mart bought, this move has larger implications for the LED lighting industry and Cree. |
