Ladbrokes Shareholder Slams Proposed Merger With Coral

It's the wrong deal, says Dermot Desmond

One percent Ladbrokes stakeholder, billionaire Dermot Desmond, slammed the GBP 2 billion deal between Ladbrokes and Coral in an open letter to investors, saying it would "effectively be the death of Ladbrokes" as an independent company.
Desmond wants Ladbrokes shareholders to instruct the board to evaluate other strategic options open to it before this deal is complete and goes so far as to suggest a review of the deal by an independent investment bank.
A Ladbrokes response said: "We have had significant dealings with Mr Desmond as both a shareholder and a commercial partner over recent times.
"We note his views and are not surprised by them as he has been in extensive dialogue with the management team and not been afraid to talk of undertaking such action."

Online Casino News Courtesy of Infopowa

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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

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