Aimco to bid for UK buyout firm Candover

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UK/CANADA - The Alberta Investment Management Corp. (Aimco), which manages C$70bn (US$70bn) in assets for Alberta pensions and other institutions, is in negotiations to take over UK-based buy out firm Candover.

In a statement yesterday, Candover said an offer price would not exceed the company's last reported net asset value per share of £10.38 (US$15.77). Candover did not name the potential buyer, but a ...

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