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Fairfax Gains on Report Billionaire Rinehart Considering Bid

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Fairfax Media Ltd., Australia’s second-largest newspaper publisher, rose after the Australian newspaper reported billionaire Gina Rinehart may be considering a takeover offer. Shares in the company closed 1.7 percent higher in Sydney to close at 92.5 Australian cents, extending a winning streak to four sessions, the longest since May 29….

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