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Shares in FTSE 250 gambling operator Rank Group (LON:RNK) climbed by 3.40% to 150.75p (as of 13:40 BST) after it confirmed that it was in advanced talks relating to a takeover of Stride. The company said that it was possible that a cash offer of 151p a share would be made, but that there were no guarantees at this time that an offer would be made or the terms of any possible offer.
The market will be updated when more information is available.