Playtech expects rejection of Aristocrat 680p-per-share offer at today’s shareholder vote
Playtech also confirmed our earlier report that it has been working on a “Plan B” to break up the company and sell its divisions.
Playtech also confirmed our earlier report that it has been working on a “Plan B” to break up the company and sell its divisions.
Playtech shares are trading more than 18% below Aristocrat’s 680p-per-share cash offer, which goes to shareholder vote tomorrow.
Playtech shareholders are scheduled to vote on Aristocrat’s 680p-per-share, all-cash bid to buy Playtech on February 2.
There has been a lot of buying and selling of Playtech stock among the company’s large institutional shareholders over the past few weeks.
Playtech shareholders are expecting a higher offer, with its shares closing Tuesday at 739.46p – 9% above Aristocrat’s price.
The deadline is a full week before the still-scheduled January 12 Playtech shareholder vote to approve Aristocrat’s £2.1 billion offer.
And things just got a little bit hotter at Playtech. But, in a good way for Playtech shareholders. After coming […]
Initially committed lenders to Aristocrat, UBS and Goldman Sachs, will transfer a portion of their commitment to Citi.
The UK’s Panel on Takeovers and Mergers will announce the deadline by which Gopher must clarify its intentions in relation to Playtech.
Gopher Investments has approached Playtech about a competing £3 billion takeover offer for the entire company.