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Rank: Guoco offer 'undervalues' company
Rank Group has advised shareholders to reject a mandatory takeover bid from Hong Kong-based Guoco Group on the grounds that it "significantly undervalues" the business.
A cash offer for the bingo hall and casino operator was triggered after Guoco Group raised its shareholding in the UK-based company to nearly 41 per cent. In a statement, Rank Group's board said that it had considered the offer - valued at nearly £586m - but has recommended that shareholders "take no action in relation to the offer".







































