The UK’s Competition and Markets Authority (CMA) is investigating the proposed acquisition of Ladbrokes Coral by GVC Holdings.
GVC agreed terms last December to acquire the London-listed operator last December, with the recommended offer seeing Ladbrokes Coral shareholders receive £0.327 in cash, 0.141 ordinary GVC shares and a contingent entitlement of up to a further £0.428 plus a contingent value right, for each Ladbrokes Coral share.
The contingent value right (CVR) takes into account the UK’s Triennial [...]
