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Duff & Phelps faces backlash

THE company that oversaw the administration of Rangers is facing a shareholder backlash amid claims of a conflict of interest over the £400 million sale of the business.

Several leading US national securities law firms are looking into the proposed merger of Duff & Phelps, which handled the football club's insolvency, with The Carlyle Group in a deal subject to shareholder approval.

Shares in Duff & Phelps leapt in value after the deal was announced, but it has hit trouble because some shareholders say they are being shortchanged.

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