Ladbrokes Coral in talks on takeover by rival GVC

GVC - which also owns Sportingbet and PartyCasino - has tabled a cash-and-shares approach valuing Ladbrokes at 160.9p a share, with loan notes on top worth an extra 42.8p a share.
The tie-up would create an online-led gambling giant with operations worldwide.
It would see Ladbrokes Coral shareholders own around 46.5% of the combined group and GVC around 53.5%.
GVC chief executive Kenneth Alexander is expected to lead the combined group, although the firms said plans for the final management line-up would be worked out over the coming weeks.
The firms said: "The enlarged group would be... read more

 
7 December 2017 in Regional North West , Views: 39
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