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Debenhams Rejects Mike Ashley’s Latest Rescue Offer

Debenhams Plc rejected billionaire Mike Ashley’s latest rescue offer, increasing the odds that he and fellow shareholders will get wiped out as lenders take control of the troubled retailer. Ashley’s Sports Direct International Plc said Debenhams turned down its proposal to underwrite a 150 million-pound ($196 million) equity raising on the same day that restructuring…

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