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Rank CEO to stay as Guoco allows withdrawal from offer

4th July 2011 10:19 am GMT

Guoco Group has offered certain Rank shareholders the opportunity to withdraw their acceptances of the 150 pence per share takeover offer for the company, which in turn has led to Rank CEO Ian Burke withdrawing his resignation.

Guoco said late last week that it would allow any Rank shareholder who has accepted the offer between June 17th and July 1st, but who has not yet received payment, to withdraw their acceptance by July 15th. The [...]

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