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Gutnick's Merlin agrees to takeover

MERLIN Diamonds shares have soared after the company recommended a scrip off-market takeover from...

Kristie Batten

Blumont will offer 5.7 shares for every two Merlin shares held, implying a bid price of 15.2c, a 76.5% premium to Merlin’s closing price yesterday. Merlin’s board has unanimously recommended the transaction,...

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