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Old 05-03-2008   #1 (permalink)
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Default GPG share bid gives 10% premium

Guinness Peat Group is bidding for a 15.3 per cent stake in Tower. If successful the the bid would take GPG's holding to 35 per cent. GPG will offer $2.30 for the shares, putting a value of $917 million on the insurance and funds...

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