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Rank-Gala acquisition talks end in stalemate

29th March 2012 8:02 am GMT

Rank Group’s bid to acquire the land-based casino business of Gala Coral has ended after the two companies failed to reach agreement on the terms of the deal.

In a stock market announcement Thursday, Rank said that its discussions with Gala Coral had been terminated “after it became clear that the proposed terms of the acquisition would not serve the best interests of Rank's shareholders”.   

Rank said in January that it was considering acquiring Gala’s 24 [...]

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