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Lovell Minnick to buy Charles Taylor for 261 mln pounds

Lovell Minnick Partners has agreed to take Charles Taylor private, according to a statement. Lovell Minnick is offering 315 pence for each Charles Taylor share, or 261 million pounds ($326 million). The offer represents a 34 percent premium to Charles Taylor’s closing share price on Wednesday. Charles Taylor, of the U.K., is an insurance services firm.