bwin.party Board will update shareholders in due course
GVC makes improved proposal to Bwin
The Board of bwin.party has confirmed that bwin.party is working closely with GVC and its advisers with a view to progressing certain aspects of the GVC proposal to enable that proposal to be evaluated fully by the bwin.party Board.
2015-08-07
Reading time 38 seg
The Board of bwin.party has confirmed that bwin.party is working closely with GVC and its advisers with a view to progressing certain aspects of the GVC proposal to enable that proposal to be evaluated fully by the bwin.party Board.
Bwin.party stated its recent recommendation of a rival bid by 888 Holdings was "unchanged" - although that may change in the coming days, and emphasized that there was no certainty that a full offer will be made by GVC
The new GVC deal will offer, in exchange for each Bwin share, 25p in cash and 0.231 new GVC ordinary shares, which based on the closing price of GVC shares on 6 August of 435p, would represent a value of approximately 125.5p per Bwin.party share. GVC said it anticipated that the discussion with Bwin and its advisers "should conclude within the next 5-10 business days". Shares in GVC were up 0.5% to 437p and Bwin up 0.6% to 117p by 11:00 on Friday.
Leave your comment
RELATED NEWS
Inspired by Egyptian and Greek mythology
BGaming launches new high-volatily Clash of Gods: Anubis vs Hades slot with duel feature
5x3 slot designed for high volatility
CT Interactive introduces classic-style slot 5 Chilli Fruits with 5000x max win
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
China and digital growth lift quarterly revenue
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Industry recognition
Altenar wins Best Online Sportsbook Provider 2026 at SiGMA South America
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
