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Share and share alike

20 February 2006 By Nina Koeppen

Duh? Didn t the US billionaire recently persuade Axel Springer to pay almost 70% more for his unlisted voting shares than for the prefs? Sure, but the bid flopped, and there s no other firm deal on the table. If he wants an exit, a merger of the two shares may be his best bet. Sure, but that deal flopped, and no one else has bid. If he wants an exit, a merger of the two shares may be his best bet.

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