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Takeover tilt sends Ranger soaring

RANGER Minerals shares have hit an 18-month high after Revesco Group launched a $54 million takeover bid for the gold producer today.

Greg Tubby

Perth-based Revesco, formerly called Marymia Exploration, said its offer of 48 Revesco shares, four options and one warrant values Ranger at 83c a share - a 68.5% premium to Ranger's closing price yesterday...

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