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Ben & Jerry’s Homemade Inc. said it has declined a takeover bid from Oakland-based Dreyer’s Grand Ice Cream, the main distributor for the Vermont-based company’s ice cream. Company founders Ben Cohen and Jerry Greenfield, who together control more than 40% of the company’s stock, said they had no interest in selling the company. The terms of the offer were not disclosed, and Dreyer’s had no comment.

* Starwood Hotels & Resorts Trust said it completed its $14.6-billion acquisition of ITT Corp., owner and franchiser of Sheraton hotels, ending a takeover saga that began more than a year ago. New York-based ITT agreed to a friendly buyout by Starwood as it fought a hostile takeover bid by Hilton Hotels Corp.

* Lear Corp. agreed to buy the automobile seat unit of General Motors Corp.’s Delphi unit for an undisclosed price.

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* Texas Instruments Inc. said Chairman James Adams will retire April 16 and that Thomas Engibous, president and chief executive, will become chairman of the Dallas-based semiconductor maker. Engibous, 45, will continue as president and CEO, and Adams, 58, will remain a board member.

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