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Intu jilted again

Intu jilted again

Shares in Intu (INTU) collapsed by more than a third after the latest takeover proposal from a consortium comprising top shareholder Peel Group, the Olayan Group and Brookfield Property was withdrawn. For while nothing untoward had arisen from due diligence, the consortium blamed the uncertainty surrounding current macroeconomic conditions as the reason for not proceeding.  

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