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.