Ladbrokes Shareholders Approve Gala Coral Merger (update)

New company to be known as Ladbrokes Coral Plc

At a Ladbrokes general meeting Tuesday, 96 percent of shareholders voted in favour of the company's merger with Gala Coral Group Limited to become Ladbrokes Coral plc following other regulatory approvals.
96 percent of shareholders also voted in favour of authorising the directors to allot shares and 94 percent were in favour of approving the waiver granted by the Takeover Panel in respect of a mandatory offer obligation arising upon the issue of shares at completion of the merger.
In a separate statement, Rob Templeman, chairman of Gala Coral said: "We are pleased Ladbrokes has secured the support of its shareholders for the proposed merger of Ladbrokes and Gala Coral.
"This is a very important milestone in the process and reflects the compelling logic of combining our businesses.
"Both Ladbrokes and Gala Coral continue to work constructively with the Competition and Markets Authority and a further update will be provided in due course."

Online Casino News Courtesy of Infopowa

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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.

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