Shares of Ramelius rose as much as 2.2% to hit their highest level since June 16, 2021 by 0034 GMT, while the broader market was up 0.8%. "Following its usual disciplined due diligence process, Ramelius advises that no final agreement, including on value, was reached," the company said. Earlier this month, Ramelius confirmed that it was in talks with Karora, but did not disclose any deal value.
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