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James Hay parent rejects takeover bid

The board of James Hay parent IFG Group has rejected a takeover approach from an unidentified buyer. 

In a stock exchange announcement today, IFG confirmed that “due to the highly conditional nature of this proposal” it will not be continuing talks with the bidder. 

Last week, IFG Group chief executive Mark Bourke revealed he will be leaving next April after 13 years at the helm.


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