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Why the Magellan (ASX:MFG) share price is on watch today – The Motley Fool Australia
The Magellan Financial Group Ltd (ASX: MFG) share price is one to watch this morning after the Aussie investment group’s latest purchase.
The Magellan Financial Group Ltd (ASX: MFG) share price will be one to watch today after the Aussie investment group announced its latest acquisition.
What did Magellan announce this morning?
The listed investment company (LIC) announced that it is wading into the global fast food industry. Magellan has entered into an agreement to acquire a 10% stake in Guzman y Gomez (Holdings) Limited (GYG).
GYG is a well-known, Australian-based quick service restaurant chain with a focus on Mexican cuisine….
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