The battle for the acquisition of Bwin.Party continued over the British bank holiday as 888 Holdings issued a new statement on Tuesday including a revised bid, which Bwin-Party is currently reviewing in addition to the offer from GVC Holdings.
Bwin has stood by the July recommendation from its directors to go with 888’s offer of GBP 898.3 million in cash-and-paper; however its shareholders are considering the new bids.
The details of 888’s recent offer have not been disclosed and GVC’s latest bid is said to have been made on Friday night.
sharpe
8 years ago
This is like never ending saga or soup opera or something.. I don't know why is so tough for this deal to be proceeded but obviously there are many interests involved or just Bwin Party board wants the highest price possible from some of the two contender companies, in the end they have the right to do that.
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jade
8 years ago
Every time I see another story about Bwin.Party I just shake my head. This bidding war, I guess that is what it is, has been going on for a long, long time, IMO anyway.... I wonder if they are ever going to decide to take one of those bids. Well, in any case, they are getting a lot of free exposure, aren't they. Maybe,...
Every time I see another story about Bwin.Party I just shake my head. This bidding war, I guess that is what it is, has been going on for a long, long time, IMO anyway.... I wonder if they are ever going to decide to take one of those bids. Well, in any case, they are getting a lot of free exposure, aren't they. Maybe, that is just what they want, enough exposure to interest some other companies to join this bidding war. Now, would that be a bad thing, don't think so. Also, Bwin.Party don't seem to be in any big hurry.
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