Feb 28 (Reuters) - Merlin Diamonds Ltd
* Recommended takeover offer for Merlin
* Says under the transaction, Blumont will offer 5.7 Blumont shares for every 2 Merlin Diamonds shares
* Reached agreement with Blumont under which Blumont agrees to make a scrip-for-scrip off-market takeover bid to acquire all of the shares in Merlin Diamonds
* Says transaction is unanimously recommended by the directors of Merlin Diamonds in the absence of a superior proposal
* Source text for Eikon
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