Rumours Around Rank
Last updated: 13/03/2008 16:59
See related stories:
Wellingborough’s Lyric Bingo club to close…
William Hill Bingo Says ‘Hej’ to Sweden…
Online Bingo sites fight to reach target…
5 days of Free Bingo this Bank Holiday…
Bingo sites to start offering PayPal as…
Daily discounts at William Hill Bingo
There was heavy trading in Rank Group yesterday amid talk that the leisure conglomerate, which operates Mecca bingo halls and Hard Rock Cafes, could soon find itself on the receiving end of a 330p-a-share bid from a private equity group.
The rumours, which first surfaced a couple of weeks ago, came as ABN Amro issued a research report that highlighted why Rank might be the target of a leveraged buyout.
Upgrading its recommendation to 'buy' and setting a 355p target price, the Dutch broker said Rank had the financial strength to borrow £750m and return the money to investors by way of a share buyback.
See Also
Online European gaming operators…
Online gaming operators have suffered another frustrating year as a uniform…
Demon Internet to offer high speed…
The internet service provider, Demon Internet, has developed a new package to…
Gaga goes Gaga Over the…
Live like Lady Gaga and join the world of online casino’s with OCR where…
Milner at Manchester City Eyeing…
After finally having joined Manchester City, James Milner is looking ahead with…
William Hill pays out on Lockerbie…
A former newspaper editor bet that Megrahi would still be alive one year after…
Manchester United set to bid for…
It is being widely reported that that Manchester United may place a 10 million…
Excellent value bonuses from…
William Hill has recently revamped all their bonuses and now they are better…
Lindsay Lohan released from jail…
Despite being sentenced to 90 days, Lindsay Lohan has been released after…
Study shows you can win more at…
A newly published study from Harvard University shows that smiling whilst…