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£400m buyout of Duff & Phelps

THE company that oversaw the administration of Rangers Football Club has been bought over in a multimillion-pound deal that may result in its directors being paid massive bonuses.

Paul Clark and David Whitehouse of Duff & Phelps
Paul Clark and David Whitehouse of Duff & Phelps

Shares in Duff & Phelps leapt in value after the firm announced it is to merge with The Carlyle Group in a deal worth more than £400 million, subject to shareholder approval. It is unclear whether Paul Clark and David Whitehouse, the former Ibrox administrators and managing directors of the firm in London and Manchester, will share in the windfall.

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