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KDDI, Sumitomo Increase Jupiter Takeover Bid By 13%

By Jake Simpson ( February 26, 2013, 3:51 PM EST) -- KDDI Corp. and Sumitomo Corp. have agreed to increase their 216 billion yen ($2.7 billion) take-private bid for Jupiter Telecommunications Co. by roughly 13 percent after Jupiter's minority shareholders pushed backed against an initial proposal, Jupiter said Tuesday....

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