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The Warsaw Voice » Business » July 2, 2014
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Famur machinery gives up on taking over rival Kopex
July 2, 2014   
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Mining machinery producer Famur decided to give up on its plans to take over rival Kopex and will implement its strategy without Kopex, the company said in a market filing.

Hence Famur will not exercise an option to buy 10% in Kopex from Famur's parent TDJ, the company said.

Famur proposed to buy Kopex in a for-equity deal, offering 2 own shares for one Kopex share, but the deal, although praised by market analysts, was rejected by Kopex majority shareholder Krzysztof Jedrzejewski.
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