When online poker room owner Rank Group PLC was offered a take over bid the company said no. The bid for the poker site company came from Guoco. Rank Group owns poker room Blue Square Poker as well as operates the GUKPT, or Grosvenor United Kingdom Poker Tour. Guoco is an Asian investment company that recently increased it's shares of the public company Rank Group to just under 41%, which triggered a mandatory bid offer – their offer was at 150 pence per share. As this was less than 1 percent higher than the closing stock price the online poker company rejected the offer.
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