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Man Group pares gains as BlackRock bid talk fades

Reuters – Man Group shares pared gains but were still Wednesday’s top FTSE 100 riser after a source close to BlackRock said the U.S. fund firm had no interest in buying the hedge fund firm.

Shares in Man, the world’s largest listed hedge fund firm, which has been the subject of several unsubstantiated bid rumors in recent years, closed 5.2 percent up at 239.1 pence, having earlier risen as high as 245.7 pence.

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