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Guoco’s bid for Rank Group plc gains momentum

8th June 2011 7:43 am GMT

Guoco Group subsidiary All Global Investments Limited (AGIL) said Wednesday that its offer to acquire all outstanding shares in Rank Group plc will remain open until further notice, after receiving acceptances from shareholders representing 56.4 per cent of Rank’s issued share capital.

In addition to Guoco’s 40.8 per cent interest in Rank, shareholders representing a further 15.6 per cent of Rank’s issued share capital accepted the offer by the first closing deadline of June 7th, taking [...]

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