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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

O'Reilly improves Australian takeover bid

Tony O'Reilly's main company, Independent News & Media, has raised its takeover offer for its Australian outfit, APN News and Media, by 1.6% to A$1.9bn (£800m) in an attempt to win shareholder support. O'Reilly, backed by US buyout firms Providence Equity Partners and Carlyle Group, is bidding for the 58% of APN that INM doesn't already own. (Via Bloomberg)

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