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GVC raises the stakes in fight to acquire £1bn bwin.party

27th July 2015 7:00 am GMT

GVC Holdings has made a substantially improved second offer to acquire bwin.party digital entertainment, which will be financed through a £150m equity placing of new GVC shares and a €400m senior secure loan provided by affiliates of US private equity firm Cerberus Capital Management.

GVC confirmed Monday that the company has made a proposal to the bwin.party board for the acquisition of the entire issued and to be issued share capital of bwin.party, under which shareholders [...]

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