Would G.v.c. Go Hostile On A 888-bwin Deal?

Not-so-veiled hint that this may be an option

The news Monday that the Bwin-Party directorate still favours the 888 Holdings bid for it (see previous InfoPowa report) seems to have spurred rival bidder GVC Holdings to exert more media pressure in the ongoing bidding war.
The Reuters news agency reported Wednesday that in a Times interview GVC chairman Lee Feldman did not discount the option of "going hostile" if Bwin's board recommends a lower offer from 888 Holdings, which is controlled by Israel's Shaked and Ben-Yitzhak families.
The report quotes Feldman as saying: "We don't see (going hostile) as necessary right now as we're offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn't exclude any strategy."
InfoPowa readers will recall that 888 Holdings stepped up the battle for Bwin on Tuesday by submitting a revised takeover proposal to fend off GVC's latest proposal.

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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