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Board backed Imperial Group takeover bid.

April 15, 1986

The board of Imperial Group PLC unanimously recommended that Imperial shareholders accept Hanson Trust PLC's $4.11-billion bid for the company. The British industrial conglomerate Hanson Trust and associated parties already have a 44% stake in Imperial, which produces beer, cigarettes and snack foods. Hanson had earlier extended its offer for Imperial until Friday.

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