(Correcting day of the first purchases and Feldman's resulting shareholding.)
LONDON (Alliance News) - Gaming company GVC Holdings PLC said Chairman Lee Feldman bought 20,400 shares at 405 pence each on Friday.
Earlier Friday, the company said that Feldman bought 10,482 shares at 402.5p each. He now holds 165,957 shares or 0.27% of issued shares on Thursday.
Meanwhile, Chief Executive Kenneth Alexander bought 61,725 shares at 405 pence per share also on Thursday. Following this transaction, Alexander holds 170,465 shares, which represents 0.28% stake in GVC.
Last week GVC Holdings secured a recommendation for its takeover bid for Bwin.Party Digital Entertainment, forsaking an agreement previously reached with 888 Holdings, which then withdrew from the tussle. GVC's takeover offer valued Bwin.Party at about GBP1.12 billion.
The offer will include a 'mix and match' facility, so that Bwin shareholders will be able to elect to vary the proportions of cash and new GVC shares they receive. Following completion, Bwin shareholders will own about 66.6% of the enlarged group.
GVC closed up 1.9% at 407.50p Friday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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