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Read more(ShareCast News) - Although smaller company GVC had looked a good bet to take over larger competitor Bwin.Party, the bid battle looks set to take another turn next week as larger rival 888 Holdings will attempt to sweet-talk Bwin directors into accepting its lower offer. Citing City sources, the Sun
Read more(ShareCast News) - Gambling website operator 888 is expected to this week do battle with AIM-listed rival GVC in a bidding war for Bwin.Party. The gaming provider was reportedly last week impressed by GVC's 110p cash-and-shares offer, but is said to be planning to meet with 888 to discuss a potentia
Read moreBarclays chairman John Mcfarlane has decided Antony Jenkins's time is up. That is somewhat surprising. Jenkins has successfully begun the slow process of rebuilding the lender's reputation. Nevertheless, at 70% the bank's cost-to-income ratio is still too high. In parallel, its return on equity - ev
Read moreA motley assortment of airlines, financials and homebuilders paced gains on Thursday, after a bounce in Chinese stockmarkets relieved some of the recent selling pressure. Nevertheless, China and Greece were not far from traders' minds, particularly the latter ahead of fresh reform proposals from of
Read more* GVC offers 110 pence/share for Bwin * Bwin says working with GVC to finalise offer * Bwin shares rise as much as 2.9 pct (Adds GVC CEO and analyst comments, background) By Aastha Agnihotri July 9 (Reuters) - Gambling group Bwin.Party Digital Entertainment Plc, at the c
Read moreMiners led the top flight index higher thanks to an overnight bounce in Chinese equities, and as traders awaited fresh reform proposals out of Athens, due by midnight. As of 0836 BST the FTSE 100 was higher by 42.18 points to reach 6,532.06, while the Shanghai Stock Exchange's composite index closed
Read moreBwin.party confirmed private equity group GVC had tabled a cash and shares offer for the company. The bid valued Bwin.party at 110p per share, the company said in a statement. The Board has determined to work with GVC so that they can finalise their offer over the coming days, the company said in a
Read moreOnline gaming and betting group Bwin.party confirmed that it has received an improved takeover offer from smaller rival GVC Holdings priced at 11p per share in new shares and cash that would value it at roughly £900m. "The board has considered the GVC proposal, the potential benefits of which it bel
Read moreJuly 9 (Reuters) - Online gambling company Bwin.Party Digital Entertainment Plc said GVC Holdings Plc has offered to buy the company for 110 pence per share in cash and stock, valuing it at about 900 million pounds ($1.39 billion). GVC's offer represents an 11 percent premium to Bwin.Party
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