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U.K.: Rank Group Updates Developments On Acquisition Of Gala Casinos

 |  September 21, 2012

CPI reported that Rank announced that it would conditionally agree to acquire Gala Casinos for a total consideration of 205 million pounds from Gala Coral Group Limited upon the approval of Rank shareholders and upon receipt of UK merger control clearance by 19 September 2012. Rank stated that the acquisition will not become unconditional by 19 September 2012 and therefore the agreement relating to the acquisition will cease to be formally binding on the parties.

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