Board expects to issue a further update on Tuesday, September 1
bwin.party says key parts of GVC's proposal have been addressed
The board of bwin.party has issued a statement confirming that “key aspects” of GVC's proposal have been addressed to the board’s satisfaction.
2015-08-27
Reading time 34 seg
The board of bwin.party has issued a statement confirming that “key aspects” of GVC's proposal have been addressed to the board’s satisfaction.
The statement continued: “bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party."
“While there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.”
bwin.party’s directors’ unanimous recommendation of 888’s offer, that was announced on 17 July 2015, is unchanged by this announcement.
The statement concluded with notification that the bwin.party board expects to issue a further update on Tuesday, September 1.
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