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MARKETS

Macquarie draws line in sand

MACQUARIE Group has broken its silence in the face of competing, nebulous proposals seeking control of its takeover target Central Petroleum, drawing a line in the sand and saying it will not increase its offer unless there is a solid, superior proposal on the table.

Haydn Black
Macquarie draws line in sand

Macquarie first pitched a 17.5 cent per share offer to Central's board last year, but it was rejected and after a period of due diligence the so-called "millionaire's factory" came back with a revised...

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