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Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

Cecilia Jamasmie | June 21, 2017 | 3:16 am Precious Metals Africa China Europe Diamond Gold 

Emeralds and rubies miner Gemfields’ (LON:GEM) shares slipped more than 2% Wednesday after its largest investor Pallinghurst lowered the minimum number of acceptances from the company’s shareholders on its takeover offer. Gemfields is recommending shareholders to accept Fosun's offer, despite considering it "unfair"...

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