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Tchenguiz rumours strengthen Luminar

Traders say the improvement in Luminar’s share price despite talks of tough trading at its entertainment division was down to rumours that it could be a takeover target for Robert Tchenguiz.

The property tycoon recently bought the Laurel Pub Company.

Luminar’s entertainment division is up for sale.

References: The Guardian 11/05/05 page 20 (Market forces)

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