Corporate analysis: This news analysis considers the recent decision of the Takeover Appeal Board (TAB) to dismiss the appeal by Mr David Cunningham King in relation to the finding by the Hearings Committee that Mr King and others acting in concert with him had acquired interests in shares carrying more than 30% of the voting rights of Rangers International Football Club PLC (Rangers) and were therefore required to make a mandatory offer for Rangers in accordance with Rule 9 of the Takeover Code.
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