Andrew Smith to step down as Playtech CFO
Playtech plc and Andrew Smith, Chief Financial Officer, have mutually agreed that he will step down due to personal reasons.
Playtech plc and Andrew Smith, Chief Financial Officer, have mutually agreed that he will step down due to personal reasons.
The final consideration for Finalto is subject to a “completion accounts adjustment” of up to $25 million in either direction.
The transaction was already approved by Playtech shareholders during Playtech’s General Meeting of Shareholders held on December 1, 2021.
Playtech CEO Mor Weizer might be joining the TTB bid for the company, if it emerges.
Playtech and Paysafe extend collaboration in the UK and Europe following success across multiple US states.
Playtech noted that it is off to a good start in 2022, with Adjusted EBITDA for the first three months of more than €100 million.
The Playtech Board will now form an independent committee excluding Mor Weizer to consider all M&A proposals it receives.
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.