Citi joins Aristocrat lending group for Playtech takeover
Initially committed lenders to Aristocrat, UBS and Goldman Sachs, will transfer a portion of their commitment to Citi.
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.
Schroders sold 8.65 million PTEC shares worth about £59 million in the 10 days since the sale of Playtech was announced.
Aristocrat has agreed to vote in favor of the sale of Finalto and Markets.com at an upcoming Playtech shareholder meeting.
The new offer or Finalto from Gopher ends up being more than $30 million above the original sale price to Zvika Barinboim.
Stanislav Bunimovich joined CFH/Finalto in 2013 and was named Head of Client Services for the company in 2019.
Playtech said in its latest release that discussions with Gopher remain ongoing about a sale of Finalto.
The Barinboim group believes that Gopher Investments’ interest in Finalto will be unveiled as “not genuine”.
The restrictions on Playtech from engaging with the other bidder for Finalto – Gopher Investments – are no longer in place.