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Another day, another change in recommendation from Rank

29th June 2011 7:42 am GMT

Following yesterday’s resignation of both its chief executive and finance director, Rank Group plc has for the fourth time changed its recommendation to shareholders regarding Guoco Group’s 150 pence per share offer to acquire the company.

Rank CEO Ian Burke and finance director Paddy Gallagher tendered their resignations Tuesday in what is seen as an attempt to distance themselves from a series of contradictory recommendations from the company’s board with regard to the Guoco offer.

Following Guoco [...]

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