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Itochu-Redington deal hits roadblock due to valuation mismatch

By Anuradha Verma

  • 13 Dec 2014
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Itochu-Redington deal hits roadblock due to valuation mismatch

After months of negotiations, Japanese trading giant Itochu Corp's proposed deal to acquire controlling equity stake in Chennai-based telecom product distribution firm Redington India is likely to fall through as the two parties failed to reach a common ground on valuation, sources privy to the development told VCCircle.“The Indian firm, ......

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