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SIG shares climb on new bid bet

The stockmarket is betting there will be an improved offer for Switzerland-listed packaging company SIG after investors pushed its share price above a private equity consortium's latest offer of Sfr400 per share.

CVC Capital Partners and Ferd, through their bidding vehicle Romanshorn, offered Sfr400 per SIG share on December 22. The target's share price rose 3% from Sfr394 at the start of trading this morning to Sfr406 by 9:24 GMT.

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