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Pallinghurst to Delist Gemfields by End of July
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Private-equity firmPallinghurst Resources plans to delist colored-gemstone miner Gemfields from London’s Alternative Investment Market (AIM) by the end of July after nearly 90% of Gemfieldsshareholders accepted its takeover offer.Pallinghurst saidit intends to exercise its rights...
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Gemstones
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Jul 16, 2017
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Rapaport News
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Pallinghurst Emerges as Sole Gemfields Bidder
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Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
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Mining
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Jun 27, 2017
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Rapaport News
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Battle for Gemfields Heats Up
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Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
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Gemstones
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Jun 21, 2017
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Rapaport News
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Gemfields Reluctantly Bows to Fosun Takeover Bid
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Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
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Gemstones
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Jun 20, 2017
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Rapaport News
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Gemfields Receives Chinese Takeover Bid
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China’s Fosun conglomerate has put in a rival bid to takeover Gemfields, following an earlier offer by the colored-gemstone miner’slargest shareholder.Fosun Gold, a subsidiary of the Shanghai-based holdingcompany, has proposed to buy Gemfields for $0.52 (GBP 0.409) per...
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Mining
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Jun 14, 2017
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Rapaport News
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