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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Kenmare climbs on renewed takeover talk

Kenmare Resources has been the subject of consistent bid speculation for a while, and the name of another possible predator has been added to the list.

The Irish titanium miner, which has projects in Mozambique, has previously been linked with interest from Rio Tinto and BHP Billiton. Now traders were suggesting Brazil's Vale could also be in the frame for a possible bid. Earlier rumours suggested that Rio was prepared to pay 65p a share but might go higher. The talk now is of the ante being upped with a possible 80p a share deal. That was enough to help Kenmare's shares climb 1.7p to 51.45p, a more than 3% increase.

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