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The majority shareholder of Gemfields (GEM:AIM) wants to acquire the emeralds-to-rubies miner on the cheap. Pallinghurst has tabled a nil-premium bid equal to 38.5p per share. It has already exceeded the 75% minimum support level for the offer, meaning it can technically push to delist the business from AIM. The suitor says it might relist the broader Pallinghurst group on London’s Main Market. (DC)
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