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Allianz trumps Henderson in John Laing raid

Allianz, the German insurance group, has beaten an offer from Henderson Group, the UK fund manager, to buy property developer John Laing in a £957.5m (€1.4bn) deal.

The German insurer said in a statement today it had agreed to pay 385p per share, 9% higher than Henderson's offer, which had been agreed last month.

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