Bwin.Party asks GVC for best offer as bid issues are resolved
27th Aug 2015 09:42
(ShareCast News) - All may not be lost for online gambling operator GVC Holdings after Bwin.Party Digital Entertainment said on Thursday that key aspects of its proposal have been addressed to its satisfaction. Bwin has now asked GVC to clarify, with respect to its proposal, the best terms on which
Read moreGVC and Bwin.Party confirm bid talks over rumoured bigger offer
24th Aug 2015 07:19
(ShareCast News) - Online gambling operator GVC Holdings claims it has made "significant progress" in bid talks with larger rival Bwin.party after rumours emerged it had increased its proposed offer for the company last week. Bwin confirmed that discussions on "certain aspects" of the proposal w
Read moreGVC Holdings ready to up Bwin offer to 130p
20th Aug 2015 07:45
(ShareCast News) - Online casino company GVC Holdings is working on an increased offer for larger rival Bwin.party as it looks to crush a competing bid from peer 888 Holdings. The GVC bid at 130p, up from its previous 124p, will value FTSE 250-listed Bwin at roughly £1.1bn, the Times reported. Havi
Read moreLondon pre-open: stocks tipped to open flat after Fed minutes
20th Aug 2015 07:16
(ShareCast News) - City sources predict the FTSE 100 will open two points higher than Wednesday's close of 6,403.45. European equities are set to open flat as traders wrestle to price in a dovish Federal Open Market Committee statement and further overnight declines in Asia, London Capital Group nig
Read moreGVC reportedly faces multi-million dollar legal claim
18th Aug 2015 08:41
(ShareCast News) - GVC Holdings is reportedly facing a multi-million dollar legal claim after a Canadian company accused it of reneging on a deal as a result of its involvement in the £1bn auction of Bwin.party. According to the Times, GVC is being sued by sports and entertainment consultancy 37 Ent
Read moreGVC makes improved proposal to Bwin
7th Aug 2015 10:59
(ShareCast News) - GVC Holdings has begun talks with larger competitor Bwin.party over a new, fully-funded takeover proposal at 125.5p per share, with reports claiming its equity placing to raise cash for the deal was oversubscribed. Bwin.party quickly responded that it was "working closely" with
Read moreGVC raises offer for Bwin.Party
27th Jul 2015 08:56
(ShareCast News) - GVC Holdings confirmed on Monday that it has raised its offer for Bwin.party Digital Entertainment following the company's acceptance of a recent bid from 888 Holdings. Under the new terms of the offer, Bwin shareholders would be entitled to receive 122.5p for each Bwin share, con
Read moreGVC considering options over Bwin
21st Jul 2015 08:51
(ShareCast News) - GVC Holdings is considering its options regarding a bid for Bwin.party Digital Entertainment after the company agreed to 888 Holdings' offer last week. "There can be no certainty that an offer for bwin.party will be made by the company. However, the GVC board confirms that it is c
Read moreSunday newspaper round-up: 888 re-enters Bwin.party battle, Equitini to shelve IPO
12th Jul 2015 15:48
(ShareCast News) - Although smaller company GVC had looked a good bet to take over larger competitor Bwin.Party, the bid battle looks set to take another turn next week as larger rival 888 Holdings will attempt to sweet-talk Bwin directors into accepting its lower offer. Citing City sources, the Sun
Read moreThursday share tips: Barclays, Bwin.party
9th Jul 2015 17:57
Barclays chairman John Mcfarlane has decided Antony Jenkins's time is up. That is somewhat surprising. Jenkins has successfully begun the slow process of rebuilding the lender's reputation. Nevertheless, at 70% the bank's cost-to-income ratio is still too high. In parallel, its return on equity - ev
Read moreBwin.party considering 110p takeover by AIM's GVC Holdings
9th Jul 2015 07:09
Online gaming and betting group Bwin.party confirmed that it has received an improved takeover offer from smaller rival GVC Holdings priced at 11p per share in new shares and cash that would value it at roughly £900m. "The board has considered the GVC proposal, the potential benefits of which it bel
Read moreExane upgrades Bwin.Party to neutral on 888, GVC bids
18th May 2015 09:21
Exane BNP Paribas upgraded Bwin.Party on Monday to 'neutral' from 'underperform' saying that if a deal place takes with 888, it would be a clear positive for Bwin. "The growth outlook is challenging and Bwin faces taxation headwinds in regulated countries. However, we upgrade the stock to neutral as
Read moreBwin.Party takeover talks continue, GVC confirms audacious attempt for FTSE 250 rival
15th May 2015 11:50
Online gaming group bwin.party digital entertainment confirmed it has received several merger and acquisition (M&A) proposals, including an audacious attempt by AIM-listed GVC Holdings to acquire its much larger rival. Bwin directors said takeover talks were continuing with "a number of third partie
Read moreGVC declares third dividend and says 2015 starting strongly
12th Jan 2015 12:21
Online gaming operator GVC Holdings cited a record level of sports betting as the main driving factor behind a strong finish to 2014 and hailed "exceptional" sports margins in 2015. The AIM-listed group said gaming revenues for the month of December exceeded €20.3m (£15.9m), equal to €656,000, which
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
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