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BUZZ-Quintain: hits 7-yr high on Lone Star's sweetened offer

Reuters - UK Focus

** Quintain up 7 pct at a 7-year high after US private equity firm Lone Star raises its offer for the British property firm to 754 mln stg

** Best (LSE: 0M1A.L - news) day for stock in 2 months; second-best performer on FTSE All Share Index & top of FTSE All Share Real Estate Investment Index

** New (KOSDAQ: 160550.KQ - news) offer represents 10p/sh rise over original

** Lone Star's revised offer comes a day after The Times reported that activist shareholder Elliott Capital Advisers had taken control of a 12.9 percent holding in Quintain and felt the original offer undervalued the company

** Up to Thursday's close, stock had risen c.38 pct YTD

** All 5 brokerages covering stock have "strong buy" ratings on it (Reuters Messaging: rahul.b.thomsonreuters.com@reuters.net)