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UK postal union votes to strike at Royal Mail
A Royal Mail Post Office is seen in London, Thursday, Oct. 10, 2013. British Business Secretary Vince Cable defended the government's sale of a majority stake in Royal Mail on Wednesday, saying that more than 700,000 retail investors have sought shares in the initial public offering. Shares are expected to be priced at between 260 pence and 330 pence, giving Royal Mail a market valuation of between 2.6 billion pounds (4.1 billion US dollars) and 3.3 billion pounds. The government would raise between 1.04 billion pounds and 1.72 billion pounds based on these figures.(AP Photo/Lefteris Pitarakis)

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