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Tietto swats away 'lowball' takeover bid

Zhaojin disappointed $655M bid fails to get board support

Haydn Black
Tietto MD Matt Wilcox

Tietto MD Matt Wilcox

Zhaojin made the 58c per share cash bid on Sunday and formalised it the following day. Having had a week to read over the offer, Tietto's board said it was inadequate despite coming at a 42% premium...

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