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Robert M Douglas has received a takeover bid approach which may lead to an offer, the Birmingham-based contractor revealed earlier this week.The company, which has been the subject of persistent takeover rumours, is 24 per cent owned by investment company John Govett which has built up stakes in previous construction industry bid targets, including Tilbury.Douglas's shares leapt 18 per cent to 543p on the announcement valuing the company at £84 million. The shares have risen from ...

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