GVC considers upping bwin bid to 130p

London AIM listed operator GVC Holdings is considering an increase to 130p ($2) per share for its takeover bid of bwin.party Entertainment, the London Times reported.

The bid increase would represent GVC’s third attempt at luring bwin.party away from bid leader 888 Holdings, who has offered a takeover deal valued at £908 million.

On 7 August, GVC upped its bid to 125.5p per share. An increase to 130p would see GVC value bwin.party at over £1.1 billion.

Since May, GVC and 888 Holdings have been competing to takeover bwin.party operations. In its latest update bwin.party stated that it preferred the deal proposed by 888 Holdings as the company had better synergies with its operations.

 Read more: http://www.sbcnews.co.uk/sportsbook/2015/8/20/the-times-reports-gvc-bid...

 

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