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j j is offline
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Default Global update hyperlink address

A organizational change has prompted a request to re-assign a former folder
on the network to a different group. The current folder "owners" heavily use
hyperlinks within workbooks to other workbooks or documents. Is there a way
to globally update all hyperlinks to point to a new top level folder on the
network and retain all subfolder information?
ex: Old address M:\Engineering\...... will now be M:\ChemEngineering.....