Plus500 shareholders approve Playtech offer

(ShareCast News) - Contracts-for-difference trading company Plus500 said its shareholders have agreed to Playtech's 400p per share offer.Plus500 said 93.4% of the votes cast at the special general meeting were in support of the offer, representing 71.8% of the company's total voting power.Still, the deal is conditional on the approval of regulators and Playtech shareholders.Playtech - a gambling company set up by Israeli billionaire Teddy Sagi - welcomed the approval.The company's chief executive officer, Mor Weizer, said: "We are delighted to have secured the support of Plus500's shareholders. The combination of TradeFX and Plus500 will enable us to apply our market-leading products and services to the enlarged financial trading business as we continue to execute our growth strategy for the group."Playtech said it expects to issue a circular to shareholders later this month convening a general meeting to seek approval for the acquisition of Plus500.At 15:05, Playtech shares were down 0.1% at 880.50p, while Plus500 was off 0.5% at 386.25p. Plus500 Playtech