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Blacks falls as sale plan is ditched

Thursday 27 January 2011 01:00 GMT
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Shares in Blacks Leisure tumbled by 9 per cent yesterday after the outdoor retail specialist canned plans to sell the company.

The group, which runs the Blacks and Millets stores, rejected offers from the Argos owner Home Retail and two other unnamed parties. The shares fell 3.5p to 35.5p.

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