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GUOCO NO FURTHER OFFER FOR RANK
18th May, 2011 at 15:01:38
Gambling group says offer undervalues the company
Malaysian-based property and investment holding firm Guoco Group Ltd has said it will not come back with another offer on the Rank Group after its 150p-per-share takeover bid was rejected by the UK online and land gambling group.
Rank plc urged its shareholders to reject the offer from Guoco, its largest investor, saying it undervalued the company (see previous reports).
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