Tag: Dermot Desmond

April 21, 2016 BY Maria Nikolova

UK CMA extends timescale for publication of findings of Ladbrokes – Coral merger investigation

The UK Competition and Markets Authority (CMA) on Wednesday updated its administrative timetable to extend the timescale for the publication of their provisional findings and possible remedies (if required) related to the investigation of the proposed merger of Ladbrokes and Coral. Gaming and betting provider Ladbrokes PLC (LON:LAD), which today published a Q1 2016 trading update,…

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November 24, 2015 BY Maria Nikolova

Ladbrokes' shareholders approve proposed Gala Coral merger

Gaming and betting provider Ladbrokes PLC (LON:LAD) has just announced the results of a General Meeting of shareholders held earlier today. The main purpose of the meeting was for shareholders in Ladbrokes to have their say on a set of resolutions regarding a recommended offer for a merger of Ladbrokes with certain businesses of Gala…

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November 19, 2015 BY Maria Nikolova

Ladbrokes defends Coral merger, following Desmond's criticism

Ladbrokes PLC (LON:LAD), a gaming and betting provider, today had to defend the rationale for the proposed merger with the Coral Group, following stark criticism from one of Ladbrokes' shareholders - Dermot Desmond. Mr Desmond has published an open letter slamming the proposed deal and simply calling it “bad”. His arguments include what has already become…

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