takeover panel

SPORTINGBET STILL AN OPTION FOR LADBROKES
Sportingbet has announced that it is still engaged in talks with fellow online sportsbook and gaming operator Ladbrokes regarding the possibility of selling some or all of its business.

Sportingbet only recently finalised its purchase of Australian rival Centrebet International Limited, after nearly four months of negotiations, for US$183 million and is also in negotiations with Gaming VC Holdings SA over the sale of its Turkish business.

"Talks between Sportingbet and Ladbrokes are still continuing and a further announcement will be made in due course," read a statement from Sportingbet.

Under changes to the Takeover Code that went into effect in September, Ladbrokes now has until October 17 to announce whether it intends to make a firm offer for Sportingbet with this deadline only able to be lengthened with permission from the Takeover Panel....[more]

takeover code   takeover panel   business talks   turkish business   ladbrokes   
Posted on Friday 18 November 2011 - 14:20:19

William Hill ends talks with probability
AFTER A MONTH of negotiations, William Hill has ended talks to purchase mobile gaming specialist Probability. Probability, which is the operator of the popular LadyLucks.co.uk mobile online casino, stated in September that it had entered into "preliminary discussions” that “may or may not lead to an offer for the company”.

William Hill declared last month that it had been granted an extension by the Takeover Panel ‘pursuant to Rule 2.6(c) of the City Code on Takeovers and Mergers of the existing Rule 2.6(a) Code deadline’ that gave it until November 14 to “announce a firm intention to make an offer”.

“Further to its announcement on September 20, 2011 regarding preliminary discussions with Probability, William Hill has today announced that it does not intend to make an offer for Probability,” read a brief statement released by William Hill.

William Hill operates 2,364 betting shops across the UK and Ireland and numerous sources have speculated that recent troubles regardi...[more]

probability probability   takeovers and mergers   city code on takeovers and mergers   takeover panel   william hill   
Posted on Saturday 03 March 2012 - 19:58:24

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