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REpower board nod for $1.02 bn Suzlon bid

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Our Web Bureau Mumbai
Last Updated : Jan 20 2013 | 7:16 PM IST
Both the boards have approved the offer of Suzlon, which provides a takeover price of EUR 126.00 pershare (equalling a total value of EUR  1.02 billion), and recommend to accept the offer as for REpower, Suzlon would be an appropriate strategic partner for the accelerated growth of the international windenergy industry and as the offer is EUR 21.00 higher than AREVA

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