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Revolution bidding war intensifies

Revolution bidding war intensifies

The bidding war for Revolution Bars (RBG) has taken another twist. Deltic, along with its holding company Ranimul, has come back with an all-equity merger proposal. Under the terms of the deal Ranimul shareholders would own 35 per cent of the combined entity, with Revolution shareholders holding the remaining 65 per cent. The nightclub owner has until 10 October to make the offer official.

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