"GVC clinches £1.1bn deal for Bwin"

C

CMNewsHound

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Thought this might be of interest!

According to the Financial Times:

"GVC, the Aim-listed gambling company that owns Sportingbet, has triumphed in a five-month battle to buy rival Bwin.party for £1.1bn.
The board of Bwin said on Friday that it had switched its recommendation away from 888 Holdings to endorse..."

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Kadabra

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I wonder if it will be worth it...
Interesting that the stocks of both GVC and Bwin.Party went 4% after the deal was announced. Bwin drop makes sense since people probably expected higher bid. As for GVC it seems that the stockholders not very confident regarding the acquisition.
 
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