9 Jul 2015 07:00
9 July 2015
bwin.party digital entertainment plc
('bwin.party')
Announcement by GVC
The Board of bwin.party confirms that it has received a proposal from GVC Holdings plc ('GVC') to acquire all of the outstanding and to be issued share capital of bwin.party at a price of 110 pence per bwin.party share, comprised of a combination of new GVC shares and cash.
The Board has considered the GVC proposal, the potential benefits of which it believes can accrue to bwin.party shareholders from a combination of the two companies and the commitment shown to resolving a number of transaction-related issues, and has determined to work with GVC so that they can finalise their offer over the coming days.
There can be no guarantee that a formal announcement of a transaction will be made by GVC or any other party, and the Board will make further announcements in due course.
This announcement is being made with the consent of GVC. Contacts:
bwin.party digital entertainment plc
InvestorsPeter Reynolds +44 (0) 20 7337 0177Media
Jay Dossetter +44 (0) 20 7337 0134