Playtech responds to Gopher: no other offers for Finalto
Playtech continues to recommend the lower Barinboim offer, as the Gopher bid is “uncertain in terms of its deliverability”.
Playtech continues to recommend the lower Barinboim offer, as the Gopher bid is “uncertain in terms of its deliverability”.
Playtech may have received interest in Finalto from other potential acquiring parties since the date of the adjournment.
Playtech has not received answers from Gopher Investments regarding its ultimate shareholding, and source of funds.
Playtech said that it expects to publish a supplementary circular in the coming days regarding the Finalto sale process.
Playtech will be releasing a new circular, which will include an update to shareholders on the Finalto sale process.
Playtech’s delay of its shareholder vote came about after a late competing bid emerged for Finalto from Gopher Investments.
Playtech wants to “further consider recent developments” including the competing $250 million offer for Finalto by TT Bond Partners.
TT Bond Partners is urging the Playtech Board to cancel the planned shareholder vote next week and to engage more closely with it.
Troels Madsen was one of the last remaining executives whom CFH co-founders Lars Holst and Christian Frahm had brought from Saxo Bank.
It will be interesting to see if shareholders rubber stamp the deal – Playtech shareholders have mounted small revolts in the past.