• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Playtech investor Gopher pulls out of potential takeover battle

Mark White by Mark White
November 19, 2021
in Suppliers
0


Businessman toy figure is placed on gambling chips in front of displayed Playtech logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration

Register now for FREE unlimited access to reuters.com

Nov 19 (Reuters) – Gopher Investments, the No.2 shareholder in Playtech (PTEC.L), walked away from a potential three-way takeover battle for the British gambling software maker on Friday, saying it was committed to a separate deal to buy a portion of the business.

Playtech’s shares were trading 5% lower at 7.3 pounds by 1233 GMT, giving up all of gains made in the last session after the company said it had received a takeover approach from JKO, a group led by former Formula One boss Eddie Jordan. read more

Gopher said the process relating to its $250 million deal to buy Playtech’s financial trading division, Finalto, was ongoing and expected to close next year second half.

Register now for FREE unlimited access to reuters.com

Hong Kong-based Gopher, which has a 4.97% stake in Playtech, had gatecrashed an earlier sale agreed between Playtech and a consortium led by Israeli private equity firm Barinboim for the unit.

Playtech, founded at the turn of the millennium and today the world’s largest online gaming software supplier, declined to comment on the Gopher announcement on Friday.

Playtech’s board has recommended a 2.1 billion pound offer from Australia’s Aristocrat Leisure (ALL.AX) for its overall business to shareholders. read more

Register now for FREE unlimited access to reuters.com

Reporting by Muvija M and Sachin Ravikumar in Bengaluru; Editing by Shinjini Ganguli

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Lufthansa eyes Boeing freighter as cargo grabs spotlight

Next Post

Foot Locker's (FL) Stock Slumps on Worries About Holiday Supply-Chain Woes – Bloomberg

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post

Foot Locker's (FL) Stock Slumps on Worries About Holiday Supply-Chain Woes - Bloomberg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News