Speculation That Gvc Holdings Is About To Take A Run At Ladbrokes-coral

Financial Times report boosts Ladbrokes-Coral shares 5 percent

A report in Friday's Financial Times that another significant online gambling merger is being planned sent Ladbrokes-Coral share prices up 5 percent as speculation mounted that GVC Holdings, which only a year ago acquired Bwin.Party in a GBP 1.1 billion reverse takeover, is planning a similar move on Ladbrokes-Coral, itself only recently merged.
The Times report said the GVC offer would likely involve a 30 percent premium, valuing it at around GBP 3.2 billion
GVC and Ladbrokes-Coral have thus far not commented on the reports.
InfoPowa readers will recall that recently Ladbrokes-Coral was reportedly contemplating a GBP 2 billion acquisition bid for the Australian gambling group Tabcorp, which is in the throes of negotiating a merger with rival Tatts.

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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