(Reuters) - That followed a similar statement late on Thursday by Orbis Investment Management saying it would not tender its Nikko shares at 1,700 yen and that it would maintain a sell order for its roughly 5.8 percent stake at 1,900 yen per share.
Orbis also said that 29 per cent of Nikko shares were now on offer at 1,900 yen per share, above Citigroup's offer. This could put pressure on Citigroup to raise its offer. Citigroup was not immediately available for comment.
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