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bwin.party board unanimously approves GVC offer

4th September 2015 6:48 am GMT

After months of offers and counter-offers, the board of directors of bwin.party have said that they intend to recommend GVC’s acquisition proposal to their shareholders over the offer from 888.

GVC’s latest bid for bwin.party values the online gaming operator at 129.64 pence per share or £1.116 bn, with bwin.party shareholders receiving 25 pence per share in cash and 0.231 new GVC shares.

In an announcement early Friday, GVC said that bwin.party’s board has unanimously decided to [...]

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