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BBC News Item 40
Section 4 · hard · Sentence 1/6
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1.
Dubai International Capital (DIC) is still active in its bid for Britain's Liverpool football club though one of the club's coowners has reportedly rejected its offer.DIC's CEO Sameer Al Ansari confirmed earlier that his company was in talks withthe Premier League club's American co-owners
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Tom Hicks and George Gillett,but didnot reach an agreement on the club's valuation.
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'With Gillett showing interest in selling to DIC,it is a matter of persuading Hicksto agree on a price acceptable to both parties.
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It could be a matter of time and flexibility in negotiations,"a person familiar with the situation was quoted as saying.It was reported that DIC offered 200 million pounds,or 397 million U.S. dollars,toHicks and Gillett in exchange for the shares they hold in Liverpool football club.DIC made its first bid for Liverpool club in 2006 but quit later.In the same year
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Hicks and Gillett took over the club for 174 million pounds, or343.4 million dollars.
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Under the terms of their coownership agreement, neither party can sell his staketo a third party without the approval of the other.
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