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Gemfields steps up fight against takeover by largest investor

Cecilia Jamasmie | May 31, 2017 | 9:06 am Africa Asia Europe Latin America Diamond 

Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday a group of independent directors recommended shareholders to reject a takeover bid by largest investor Pallinghurst Resources Limited. The Johannesburg-listed private equity firm wants to buy all the shares it doesn’t already own in Gemfields,...

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