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Italian tycoon Bonomi tops Chinese offer for Club Med

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Italian tycoon Andrea Bonomi raised his takeover bid for Club Mediterranee to 24 euros a share on Friday, trumping a 23.50 euros offer for the struggling French holiday group from Chinese billionaire Guo Guangchang. Bonomi's latest move in France's longest-running takeover battle values the loss-making group at 915 million euros….

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Click here to read the full story: Reuters

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