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has been overhanging

  • present perfect progressive
    of overhang (3rd person singular).
    overhang
    verb (used with object)
    to hang or be suspended over.

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The stake had been amassed by buyout firm Pension Insurance Corporation, and has been overhanging the Aga price as a mooted bid for the company never emerged.

From The Guardian Mar. 25, 2011

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