Guoco No Further Offer For Rank

GUOCO NO FURTHER OFFER FOR RANK

18th May, 2011 at 15:01:38
Source: http://www.azonlinecasinos.com

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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