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Rank’s directors begrudgingly accept Guoco offer

24th June 2011 6:42 am GMT

The independent directors of Rank Group plc are to accept the 150 pence per share takeover offer from Guoco Group in respect of their own shareholdings and are advising other shareholders who have not yet accepted the offer to do the same, despite maintaining that the offer substantially undervalues the company.

 The Guoco offer expires on July 1st at 1pm BST and will not be extended. As of the first closing deadline of June 7th, shareholders [...]

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