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Eildon Capital Group (ASX:EDC) responds to takeover announcement

Eildon Capital Group (ASX:EDC) has announced that Samuel Terry Asset Management is seeking to make a takeover bid for the company at a price of $0.93 per share.

Eildon says its board is currently considering the offer and has advised its shareholders to take no action at this time.

Shares of Eildon Capital Group are up 19% at 3:49pm AEST. 

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