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Arrow agrees to sweetened $773 mln bid from TDR Capital

March 31 (Reuters) - European investor and asset manager Arrow Global agreed to a sweetened cash offer from private equity firm TDR Capital that valued it at 563 million pounds ($772.72 million), the companies said on Wednesday.

Arrow Global shareholders will get 307.5 pence in cash for each share they hold, as per the recommended bid, which follows TDR’s fourth proposal for a 305 pence per share bid last month.

$1 = 0.7286 pounds Reporting by Muvija M in Bengaluru; Editing by Amy Caren Daniel

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