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Club Med focus of buyout by top shareholders

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PARIS (AP) — Shares in Club Mediterranee rose sharply Monday on word that the iconic French vacation resort operator's two largest shareholders are launching a buyout. The offer by Axa Private Equity of France and Fosun, a Shanghai, China-based investment company, values Club Med stock at 556 million euros ($719.41 million). Axa PE and Fosun already own a combined 19.33 percent of Club Med...

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