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Al Futtaim raises bid for Robinson
- United Arab Emirates: Tuesday, March 18 - 2008 at 07:30
Dubai-based Al Futtaim Group has raised its offer for Robinson by 12%, reported Bloomberg. Al Futtaim, which operates nine Marks & Spencer stores in the Middle East, hopes to gain control of Robinson's seven clothing stores operating under the brand in Singapore as well as its department-store chains. ALF Global Private Ltd, a unit of Al Futtaim, raised its bid to S$7 a share from the January offer of S$6.25.
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