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AAP
AAP
Rachael Ward and Callum Godde

Armaguard rejects deal, Coles resumes cash deliveries

Armaguard has knocked back a funding boost from a group of big banks and retailers. (Melanie Foster/AAP PHOTOS)

Armaguard has rejected a $26 million funding deal from the nation's biggest retailers and banks.

Parent company Linfox, owned by billionaire Lindsay Fox, will instead pour $10 million into the currency delivery business.

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