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Essar bids to buy out Hutchison's stake in wireless carrier

The Essar group has made an offer to buy out Hutchison Whampoa's 67% stake in joint venture wireless operator Hutchison Essar, the Economics Times reports. Hutchison Whampoa said it would only consider offers that exceed $14 billion, The Financial Times reports. New York Times, The/Reuters (12/27), Financial Times (free content) (12/26)