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BWIN - G.V.C. CONFIRM ACQUISITION NEGOTIATIONS
Friday May 15,2015 : BWIN - G.V.C. CONFIRM ACQUISITION NEGOTIATIONS IN PROGRESS (Update)
The rumours were true...but there are other suitors.
Speculation that the European online gambling group Bwin Party Digital Entertainment was in talks with a sale in mind have been circulating since last November, and rose to a fever pitch this week, with media reports sending the share price northwards.
The name that keeps cropping up is GVC Holdings, which teamed up on the Sportingbet acquisition last year with William Hill and has let it be known that it remains on the acquisition trail.
On Friday GVC and Bwin Party issued very similar statements reconfirming to the market that they were in talks.
The Bwin statement referred to the media speculation and said that it is continuing its discussions with GVC and "a number of third parties", adding that GVC has submitted a revised set of proposals regarding a variety of possible business combinations.
The GVC statement revealed that the group has submitted a proposal for the acquisition of Bwin.Party Digital Entertainment in its entirety. The company also noted that if the proposed transaction were to be approved, the acquisition would be treated as a reverse takeover that would require the approval of the shareholders.
Both companies have cautioned that there can be no guarantee that these discussions will result in any transaction being completed, and have committed to giving a further update in due course.
London Stock Exchange data on Friday morning portrayed Bwin Party as having a market capitalisation of GBP 805 million, compared with GVC’s market capitalisation of roughly GBP 280 million.
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
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The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
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The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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