Rumours Around Rank
Last updated: 13/03/2008 16:59
See related stories:
Bingo caller of the Year crowned
Great-Gran Wins Bingo Jackpot
The History Of Bingo
Free Online Bingo Hits UK
The Sweet Smell Of Success
Online Bingo Site Announces New Tournament
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
Texas Woman Claims $5.4 Million…
Experiencing the biggest shock of her life, a self-employed, 45-year-old woman…
Reading v Aston Villa Match Preview…
Madejski Stadium, Saturday, 10 February 2007, 12:45pm Bet on this match…
King Solomon's Poker Sponsor…
Online gaming company King Solomon's Poker has been unveiled as the title…
World Series Of Poker (WSOP) Day…
As the day drew to a close at the World Series of Poker (WSOP) for groups C and…
Legal World Meets Gaming World
There has been a long standing legal battle between online gaming websites based…
Soccer FA Cup Preview 5-7 Jan 2007
Pinnacle Sports offer their betting tips and analysis for the coming FA Cup…
Chelsea Knocked Out Of Champions…
UK Casino Times > Casino News 07 March 2006 Chelsea Knocked Out Of…
Arsenal - Injury Rules Henry Out…
Arsenal captain Thierry Henry has been ruled out for the rest of the season…
Empire Online Limited Agrees To…
Empire Online Limited today announces that it has agreed to acquire the…