Summary
that it is in advanced negotiations with Sir David Murray to acquire a controlling interest in Rangers Football Club plc, however no price has been agreed and no timing has been established for the conclusion of the talks.
"If a deal is concluded between Sir David Murray and RFC, the company would be required under Rule 9 of the City Code on Takeovers and Mergers immediately to make an offer for the remaining issued share capital of Rangers."See the full content of this document
Extract
'Advanced Negotiations' but Deal Appears No Closer
Rangers have been sorely tested by financial constraints in recent seasons, with manager Walter Smith restricted to free transfers and loan signings for the past two years....
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