Rank Group confirms takeover discussions with Stride Gaming

Gambling company The Rank Group responded to an announcement from AIM-traded Stride Gaming on Friday, after Stride said it was in discussions with Rank over a possible takeover.

The FTSE 250 company confirmed that it was in “advanced discussions” with Stride in relation to a possible all-cash offer for Stride, at a price of 151p per share.

“There can be no certainty that an offer will be made or as to the terms on which any offer might be made,” the Rank Group board said in its short statement.