Persistent chatter about a possible 320p-a-share bid from Blackstone for Rank failed to elevate the shares on Friday. Dealers pointed out that Peter Peterson, Blackstone’s chairman, also sits on the board of Sony. Sony is a possible bidder for Rank’s Deluxe film distribution business. It had previously been presumed a financial buyer would stay clear of Rank until Deluxe had been disposed of. Rank closed down 0.5p on Friday at 310.25p. The Times 7/09/05 page 71 (Smaller Capitalisation Shares)

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