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Essar Energy Shareholders OK $1.5B Hostile Takeover Bid

By Linda Chiem (May 9, 2014, 4:43 PM EDT) -- The majority owner of Essar Energy PLC on Friday moved closer toward buying the rest of the company after other investors representing an 8.29 percent stake in Essar Energy tendered their shares in favor of the $1.5 billion hostile takeover offer....

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