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Spain's Deoleo shares jump 17% as Dcoop offers €470M in takeover battle
Shares of Deoleo, the world's largest olive oil bottler and marketer, surged after Spanish agri-food cooperative group Dcoop offered 470 million euros ($545 million) for the company. Dcoop's bid takes the lead in an intensifying takeover battle that also includes Italian, French, and Australian firms.
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