Termination of talks with Gala Coral Group (3103A)
March 29 2012 - 2:01AM
UK Regulatory
TIDMRNK
RNS Number : 3103A
Rank Group PLC
29 March 2012
29 March 2012
The Rank Group Plc
Termination of discussions with Gala Coral Group
On 30 January 2012, The Rank Group Plc ('Rank' or 'the Group')
announced that it was in discussions with Gala Coral Group ('Gala')
about a potential acquisition of Gala's casino business. Rank today
announces that these discussions have ended after it became clear
that the proposed terms of the acquisition would not serve the best
interests of Rank's shareholders. Rank's chairman and chief
executive officer Ian Burke commented, "Rank remains committed to
delivering sustainable growth in shareholder value; the proposed
terms of the potential acquisition did not achieve this objective.
We will now concentrate on delivering our organic growth plans,
including the delivery of 12 more G casinos by 2015."
ends
www.rank.com
Enquiries:
The Rank Group Plc
Philip Munn, investor relations 01628 504 149
Evercore Partners Limited
Edward Banks 020 7268 2700
FTI Consulting
Marc Cohen 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBCGDXGUDBGDI
Rank (LSE:RNK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rank (LSE:RNK)
Historical Stock Chart
From Apr 2023 to Apr 2024