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Don't have an account? Click here to register.Bwin.Party asks GVC for best offer as bid issues are resolved
Thu, 27th Aug 2015 09:42
(ShareCast News) - All may not be lost for online gambling operator GVC Holdings after Bwin.Party Digital Entertainment said on Thursday that key aspects of its proposal have been addressed to its satisfaction.Bwin has now asked GVC to clarify, with respect to its proposal, the best terms on which it is prepared to make a formal offer to acquire the business."Whilst there can be no certainty that an offer will be made by GVC for Bwin.Party, 888 Holdings has been informed of this development and, if appropriate, will be given due notice in the event that Bwin.Party proposes to recommend an offer from GVC," it said.Bwin added that directors' unanimous recommendation of 888's offer announced on 17 July is unchanged by this announcement.On Monday, GVC said it had made "significant progress" in bid talks with Bwin after rumours emerged that it had increased its proposed offer for the company last week.Bwin confirmed that discussions on "certain aspects" of the proposal were ongoing but said until these were resolved its previous unanimous recommendation of a second offer from 888 Holdings remained in place.At 1003 BST, GVC Holdings shares were up 1.8% at 430p and Bwin shares were up 0.3% at 114p.
More News
11 Jan 2016 15:42
GVC Holdings reports jump in annual revenue ahead of Bwin.party merger
(ShareCast News) - Gaming company GVC Holdings on Monday reported a 10.2% increase in 2015 net gaming revenue to €247.7m (£180.03m) ahead of its merger with Bwin.party. In a trading update for the year to 31 December, the group revealed annual results would be supported by a strong last quarter. Net
Read more6 Jan 2016 15:09
FTSE 250 risers: Oil prices and volatile China sees shares drop
(ShareCast News) - The FTSE 250 was left sitting in a puddle by mid-afternoon Wednesday, down 184.25 points (1.07%) at 17,020.78. Low oil prices were to blame for the second tier market's biggest faller Tullow Oil as well as Cairn Energy. Both Brent Crude and West Texas Intermediate sank below $35 a
Read more5 Jan 2016 07:16
Bwin.party ends year on high ahead of takeover
(ShareCast News) - Bwin.party ended its financial year on a high, ahead of its final results and takeover by GVC Holdings. The FTSE 250 online gambling company, in a market update on Tuesday, said its fourth quarter net revenue was up 5% on the previous year, driven primarily by sports betting and c
Read more5 Jan 2016 07:07
London pre-open: Stocks seen higher as Asia stabilises
(ShareCast News) - London stocks are set to open higher on Tuesday on the back of a stabilisation in Asian markets following heavy losses in the previous session. The FTSE 100 is expected to start 49 points higher than Monday's close at 6,142. "After an initial wobble, shares in Shanghai and Shenzh
Read more22 Dec 2015 16:05
16 Dec 2015 15:28
FTSE 250 movers: Strong trading leads Supergroup to top of the pack
(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane
Read more15 Dec 2015 11:04
GVC/bwin.party shareholders approve takeover deal
(ShareCast News) - Online gaming outfit GVC Holdings' takeover of bwin.party digital entertainment moved a step closer on Tuesday as shareholders of both companies approved the deal. bwin.party said 99.99 per cent of shareholders voted in favour of the deal, while 99.91 of GVC's did the same. Both
Read more17 Nov 2015 12:52
Bwin extends supply deal with Danish partner
(ShareCast News) - Bwin.Party Digital Entertainment announced a multi-year extension to its existing B2B supply agreement with Danske Licens Spil, which is the online gaming subsidiary of Danske Spil. The Danske Spil Group is 80% owned by the Danish government and is one of the largest betting and g
Read more10 Nov 2015 08:44
bwin's non-exec director steps down
(ShareCast News) - Daniel Silvers has stepped down from bwin.party's board of non-executive directors, the online gaming group said on Tuesday. Earlier this year, Silvers announced he would leave SpringOwl Asset Management to pursue commercial interests elsewhere. As a result of his decision, he cho
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