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 January 12 shareholder vote is set to approve the 680p-per-share all cash bid for Playtech made by Aristocrat Leisure Ltd.
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.
Gopher Investments has approached Playtech about a competing £3 billion takeover offer for the entire company.