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GVC Holdings increases offer to acquire bwin.party

7th August 2015 10:19 am GMT

London-listed operator GVC Holdings has confirmed its most recent proposal to acquire bwin.party is to be evaluated within the next five to ten days, as it looks to beat rival bidder 888 to the acquisition.

The GVC board said Friday that it has made a fully funded proposal for the entire issued and to-be-issued share capital of bwin.party. The proposal would see bwin.party’s shareholders receive 25 pence in cash and 0.231 new GVC ordinary shares for each [...]

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