GVC Raises Bid for Bwin.Party Acquisition

The GVC-Cerberus Capital bid for the acquisition of Bwin has increased to 130p a share with a cash offer of GBP1.1 billion from its previous GBP1.03 billion and GBP 1 billion offers.

According to media reports, Bwin.Party's board will consider the offer on Thursday morning’s meeting. Bwin.Party shareholder Jason Ader has made it clear that a fair price would be 140p a share.

888 Holdings still has a chance although its bid remains significantly lower at GBP898 million. The company will have the opportunity to submit a new bid and says that its proposal is more attractive than GVC’s offer.
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    sharpe

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    The battle for the acquisition of Bwin Party continues between GVC and 888 Holdings. Obviously both companies are keen to fight till the final decision of the Bwin Party's board. It seems like that GVC are step forward now in front of the competition and will be surprising if they don't win the race.

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