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Sierra merger saga over

The Sierra Rutile (SRX) takeover saga concluded this week, after acquirer Iluka Resources changed its mind for the second time in eight days and decided it was prepared to buy the Sierra Leonean miner with an offer of 36p a share. Completion of the £215m deal caused Sierra's share price to jump 24 per cent on Tuesday afternoon, just hours before the company's delisting from Aim on Wednesday morning.

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By Alex Newman,
08 December 2016

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