This is the key quote here Ramelius elected to ignore this...

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    This is the key quote here

    Ramelius elected to ignore this request and launched an unsolicited takeover offer for Explaurum. At the time of launching this offer, it was conveyed to Explaurum by Ramelius that waiting would serve the interests of Explaurum shareholders rather than Ramelius shareholders. The Explaurum Board does not disagree with this proposition.
 
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