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Club Med Backs Italian Financier's $1.1B Takeover Offer

By Igor Kossov (July 25, 2014, 5:10 PM EDT) -- Club Mediterranee's board of directors on Friday unanimously recommended for stakeholders to accept a €790 million ($1.1 billion) takeover offer from top shareholder Andrea Bonomi and his fund, saying that the Italian tycoon offered a better deal than private equity suitors from France and China....

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