888 Holdings In New Bid For Bwin.party

Bwin board set to consider new proposal

Coinciding with the end of the British August bank holiday, 888 Holdings issued a new statement Tuesday on a revised bid for Bwin-Party, which Bwin has confirmed it has received and is studying, along with the latest offer from GVC Holdings (see previous InfoPowa report).
For now, Bwin says that its directors' unanimous recommendation of the offer of GBP 898.3 million in cash-and-paper offer still stands, but that it is to consult with key shareholders on the new bids.
Details of the new 888 Holdings bid, which is subject to unspecified and reversible pre-conditions, have not been disclosed.
The Telegraph newspaper says that GVC is understood to have made its latest bid on Friday evening.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts