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RAPAPORT… Pallinghurst Resources has upped the ante in the bidding war
for Gemfields by lowering the number of shareholder acceptances it needs for
its offer to acquire the gemstone miner.
Pallinghurst dropped the “acceptance condition” to 60% from
75% following discussions with the UK’s Panel on Takeovers and
Mergers, the private-equity group said Tuesday. This meant Pallinghurst was
able…

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