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Mike Ashley Weighs Offer Valuing Debenhams at $81 Million

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Billionaire Mike Ashley, vying with creditors for control of Debenhams Plc, is considering an offer that would value the troubled U.K. department-store chain’s equity at 61.4 million pounds ($81 million). Ashley’s Sports Direct International Plc, which already owns about 30 percent of Debenhams, said it’s weighing a bid worth 5 pence a share in cash….

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