Ladbrokes Responds To Shareholder Concerns (update)

Reiterates support for merger

In response to billionaire shareholder Dermot Desmond's public disapproval of the merger between Ladbrokes and Coral Group (see previous Infopowa report), Ladbrokes reiterated its recommendation that shareholders deliver a favourable vote.
The Board of Ladbrokes laid out a "compelling strategic rationale and benefits" of the proposed merger which include:
-The potential to deliver faster online growth
-The creation of the UK's largest LBO estate
-The creation of an extensive international portfolio of regulated businesses
-The delivery of significant cost synergies underpinning shareholder returns
-ability to operate across an enhanced and integrated technology platform
"The Board remains confident that shareholders will see the attraction of the proposed merger and continues to work towards a successful conclusion to the proposed transaction," a company statement reads.

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