Shares: Taking Stock

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The Independent Online
rLadbroke Group raced back into the takeover arena in late trading after rumours swept the market that Hilton Hotels Corporation, known to be talking to the betting and hotel group, was raising pounds 500m through a bond issue.

The latest story is HHC, a US group, will mount a cash and share offer of 240p within the next few weeks. As part of the deal, Ladbroke's management will buy out the group's betting and casino interests.

The shares cut an early fall to 2p at 193p in busy late trading.

rA bidder could be on the prowl for Harry Ramsden's, the renown fish and chip chain. The shares have been strong lately.

They rose 14p to 384p compared with a 326p close on Monday.