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McDouall Stuart pans Cynotech takeover bid amid full-year loss

Friday 26th of February 2010

The broker joined the independent adviser's report on the Cynotech offer in panning the deal, saying in a section entitled ‘(Pig of a) Takeover offer' "an Independent Adviser's report concluding against a proposed transaction is rare, in fact, we cannot recall the last such occurrence in the local market."

Allan Hawkins, of Equiticorp infamy, is offering preference shares in a shell comp...

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