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Hoylake Holds 2.3% Stake in BAT: Hostile...

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Hoylake Holds 2.3% Stake in BAT: Hostile bidder Hoylake Investments said it controls 2.3% of its target, British conglomerate BAT Industries, parent of the Los Angeles-based Farmers Group insurance company. Hoylake, an investor group led by Anglo-French financier Sir James Goldsmith also announced that it would keep its $21-billion offer open until Sept. 29. c,22p9

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