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re Lerrab: As far as I know anyone can buy up to 30% of a company without making a formal bid. Only insider trading if acting on privileged info not available to the market. But I think bloggers might be better off having a damn good look at Sequa. Why is everything on hold until their corporate bond gets away for $300m? They had a major capitalisation in June 2014 that raised €600m on the Euronext Exchange....and they havent invested in a single announced project
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