Another Acquisition for Intertain?

Another Acquisition for Intertain? Canadian online gambling group, Intertain has acquired InterCasino, InterPoker, Vera & John and others in the last couple of years and once again there’s speculation that another big deal is in the works.

On Friday, the company issued a press release stating, "....strategic acquisitions have been and are one component of the company's growth strategy and, as such, Intertain regularly evaluates potential acquisition opportunities.

"From time to time, this process leads to discussions with potential acquisition targets.

"There can be no assurance that any such discussions will ultimately lead to a transaction.

"As a general policy, Intertain does not publicly comment on potential acquisitions unless and until a binding legal agreement has been signed or material terms of the transaction have been settled and there are no material conditions to closing, such as financing.

"The company intends to make no further comment or release regarding current market rumours unless and until such comment is warranted."
  • Now that is a strange, funny or strange and funny press release. If I had been at this press release, I would be one of the people in attendance tilting their head to one side or the other, thinking huh........ My first thought was; where is the other half of this article. You know, the first part where something was said, something specific was said to provoke the issued press release. It couldn't have possibly been the first paragraph of this article that provoked that press release. Smart people don't fall for that. It is unspecific speculation, no names were given. Looking at all their previous purchases, goes without saying their growth strategy in part evaluates potential acquisition opportunities. But woo, calling them targets, ok, maybe behind closed doors you can use it. I thought it was a really bad choice. Don't ya think it congers up mostly negative connotations or predatory type interactions on their part. That general policy statement, another goes without saying for obvious reasons. The last paragraph, is the only statement that seems necessary. Don't they have people that approve these things before they're released. Intertain entertained me.

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