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Bwin.Party Share price plummeted 25 percent on Friday

Saturday February 14,2015 :  DID FAILED ACQUISITION TALKS DRAG BWIN.PARTY SHARES DOWN?
 
Share price plummeted 25 percent on Friday.
 
Bwin.Party shareholders received an unpleasant surprise Friday as the share price plunged 25 percent on the London Exchange following unconfirmed reports that negotiations on a possible acquisition of the FTSE 250 gambling group with an unnamed suitor had failed.
 
The dramatic drop saw share prices dive to almost GBP 78, although there was some recovery later and the price at close of business was GBP 83.55.
 
Rumours of an acquisition bid on Bwin.Party, which has been struggling in recent times, have been circulating since late last year, with little concrete and confirmed information surfacing.
 
Faced with the serious decline in its share price, a Bwin spokesman effectively denied that any negotiations had failed, instead pointing out that stock exchange regulations required the company to issue an announcement if such an event occurred, and thus far no such statement had been made.
 
Nevertheless, the rumours continued to persist, backed by speculative reports in several publications that acquisition talks had ground to a halt, triggering a sell-off and the consequent drop in share price.
 
Mystery continues to surround the identity of the would-be suitor with whom Bwin.Party was reportedly talking; most of the speculation pointed to the disparately focused Amaya Gaming and Playtech groups, and even William Hill plc, although the latter is presumably focused at present on its admitted negotiations with 888 Holdings



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

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NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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