Ladbrokes Shareholder Opposes Merger with Coral – Update

Ladbrokes has responded to shareholder Dermot Desmond’s opposition the company’s potential merger with Coral Group. In response, Ladbrokes reaffirmed its recommendation that shareholders support the deal.

The Board presented “compelling strategic rationale and benefits” of a merger with Coral, which included:

· The potential to deliver faster online growth

· The creation of the UK's largest LBO estate

· The creation of an extensive international portfolio of regulated businesses

· The delivery of significant cost synergies underpinning shareholder returns

· ability to operate across an enhanced and integrated technology platform

“The Board remains confident that shareholders will see the attraction of the proposed merger and continues to work towards a successful conclusion to the proposed transaction,” said a Ladbrokes statement.
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    advoghado

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    It is a giant business, involving large sums of money, certainly must have many interests behind this negotiation. The truth is that if implemented Ladbrokes will do a great deal, further increasing its customer base with this merger. Ladbrokes is one of my favorite places, great software, payment system, website and support, everything works fine.
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    OOPaloo

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    One would hope that Ladbrokes wouldn't change as a result of this merger. I played with Ladbrokes for years and found it to be next to the best casino on my list, the best being 32Red. It would be a shame if such a well run and reputable online casino like Ladbrokes deteriorated as a result of a new partnership or merger. On the other hand maybe a merger with Coral will bring Ladbrokes back to Denmark. That would bring a smile to my face. Ladbrokes is excellent as is if it could be made even better; from the players perspective that would be awesome.
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    eberetta1

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    Billionaire shareholder, probably wishes he owned more shares of Coral before this deal was announced.

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