U-Turn on GUKPT and Blue Square Poker SaleRank Group Plc, Owner Of Grosvenor Casinos And BlueSq.com, Changes Mind On Sale |
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The board of Rank Group Plc, owner of Grosvenor Casinos and Blue Square Poker, has changed its mind about the proposed sale of the Group to Hong Kong-based Guoco.
Last week the board reluctantly urged shareholders to accept the offer of 150 pence, even though they believe it greatly undervalued the group.
However today the board did a u-turn recommending that shareholders reject the offer providing they aren’t worried about Guoco canceling Rank’s stock listing.
Rank is concerned that Guoco will not give an unconditional commitment to continue its stock market listing.
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