Fri, 20th May 2016 19:09
(Adds further Desmond comments, board response, shares) By Paul Sandle LONDON, Nov 24 (Reuters) - Shareholders in British bookmaker Ladbrokes strongly backed its planned merger with rival Gala Coral on Tuesday but rebel investor Dermot Desmond vowed to fight on. Ladbrokes agreed
Read moreLONDON, Nov 24 (Reuters) - Shareholders in bookmaker Ladbrokes backed its 2.3 billion pound ($3.5 billion) tie-up with Gala Coral, a deal it hopes will give it the clout to make a bigger splash online where it has been outgunned by rivals. The holders of 96 percent of Ladbrokes shares voted
Read moreLONDON, Nov 19 (Reuters) - British bookmaker Ladbrokes said the rationale for its proposed acquisition of rival Gala Coral was "compelling" in response to opposition from Irish billionaire shareholder Dermot Desmond. The two companies agreed an all-share merger in July to create a 2.3 bill
Read moreDUBLIN, Nov 18 (Reuters) - Irish billionaire Dermot Desmond has written to fellow shareholders in British bookmaker Ladbrokes to urge them to reject a proposed merger with rival Gala Coral at a shareholders meeting next Tuesday. The two bookmakers agreed an all-share merger in July, creatin
Read more(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected p
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