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Shareholders in London Capital Group (LCG) have to wait until a 12 March deadline before finding out whether a preliminary approach from Cantor Fitzgerald Europe, GAIN Capital Holdings and City Index turns into a formal offer for the beleaguered online spread betting firm. Judging by last year's performance, a takeover might come as a relief after the company fell into the red and axed the final dividend as low levels of volatility took their toll.