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News Watch
CVC Makes Bid For Stake In Royal Mail - 5/31/2009 8:57:16 PM

According to a report from the Sunday Telegraph, Private equity group CVC Partners made a $3.21 billion offer for a 30% stake in state-run Royal Mail. The company's bid was a step up from a prior offer made by competitor TNT (OTC:TNTTY), however, remains below the government's goal.


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