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September 15, 2008
Old Mutual's BEE partners out of the money - again
Old Mutual's (JSE:OML) black economic empowerment deal is again underwater after the stock price slide as much as 8% on Monday to a new 12-month low of R12,86.
The stock closed 5% lower at R13,30. Old Mutual fell in tandem with other foreign financial stocks after Lehman Brothers said it would file for bankruptcy.
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Posted by StaffWriter at September 15, 2008 7:15 AM