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Guoco closes offer as Rank retains listing… just

18th July 2011 7:39 am GMT

Bringing an end to the long-running saga, Rank Group said Monday that it will retain its listing on the London Stock Exchange after Guoco Group’s offer for the company was finally closed on Friday, with valid acceptances representing 74.5 per cent of Rank shares – just below the 75 per cent level which could have led to the de-listing of Rank.

Earlier this month Guoco offered certain Rank shareholders the opportunity to withdraw their acceptances of [...]

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