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Rangers FC Reject Takeover Bid From Suns' Robert Sarver

Scottish soccer club Rangers today announced that "they have rejected" a US$27.5M bid for the club from Suns Owner Robert Sarver. The club said the offer for a controlling stake did not "adequately value a controlling interest in the Company." However, Rangers' directors urged Sarver to "work with other backers to help find a solution" to the team's financial difficulties (AFP, 1/6).

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