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Aberdeen shares surge on report that it is seeking buyers

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Published Mon, Oct 26, 2015 · 09:50 PM

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ABERDEEN Asset Management Plc shares rose the most since April 2014 in London trading after a newspaper reported that the company has begun to sound out potential buyers.

The shares rose as much as 7.2 per cent to 376.6 pence and were 4 per cent higher at 365.3 pence at 8.23am on Monday. Shares are down about 15 per cent this year, giving the company a market value of about £4.8 billion (S$10.25 billion).

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