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UK money printer De La Rue confirms takeover bid
AP - Mon Dec 06, 1:52AM CST
LONDON (AP) — British money printer De La Rue has confirmed that it has received what it calls a highly speculative and opportunistic takeover approach.

De La Rue's announcement on Monday did not name the prospective bidder, but published reports have identified it as the French company Oberthur Technologies.

The Financial Times said the approach valued De La Rue at more than 750 million pounds ($1.2 billion).

Shares in De La Rue, which prints money for more than 150 countires, have fallen by about a third since mid-year when it disclosed problems with paper production.

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