Shareholders of Playtech will have their say on the recommended £459.6 million acquisition of Plus500, after the deal got the approval of broker's shareholders earlier this month.
Read moreFollowing a transaction executed earlier today, Playtech raised its holding in Ladbrokes to 98,589,095 shares or 9.71%.
Read moreThe agreement was reached with regards to the proposed merger of the Ladbrokes Group and the Coral Group and is conditional upon completion of this merger.
Read morePlus500 announced that the acquisition was today approved at the Special General Meeting of the Plus500 shareholders by an overwhelming majority of 93.4% of the votes cast at the SGM, representing 71.8% of Plus500's total voting power
Read moreThe results from the votes by proxy on the proposed acquisition of Plus500 by Playtech have been counted, with 60 million shareholders voting in favor and only 5 million voting against the proposals, thus it is currently likely that the acquisition will proceed
Read moreThe $105 million acquisition will require the Playtech shareholders' approval at a General Meeting to be held on July 28, 2015.
Read more... and Playtech doesn't seem done. They also agreed a €200 million unsecured revolving credit facility with Barclays and RBS, to target more acquisitions
Read morePlus500 will held a Special General Meeting on July 16 in London on proposed acquisition by Playtech. The company has also reported second quarter revenues of $43 million compared to $82 million in the first quarter of the year
Read moreThe company successfully completed the placing of 29,050,000 new ordinary shares at a price of 780p per placing share.
Read moreAs Plus500 share price stays below bid of 400p per share, Playtech sees and grabs the opportunity to acquire shares in the broker in the open market.
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