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Panel forces Green to put up extra £2bn in M&S fight

Bond trading indicates Rose to win control

The UK Takeover Panel has forced Philip Green, the retail entrepreneur, to admit for the first time that buying UK retailer Marks & Spencer, could end up costing him as much as £11.1bn (€16.7bn).

This is £2bn more than his putative 400p-a-share offer which values M&S at £9.1bn.

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