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Contagious granted extension to finalise Sportech acquisition offer

9th October 2015 12:40 pm GMT

London-listed gaming operator Sportech has secured an extension under the City Code on Takeovers and Mergers, allowing it more time to continue discussions with Canada's Contagious Gaming.

Contagious first approached Sportech in August with a proposal to make a bid for the entire share capital of the company.

It said at the time that any offer would be at a premium to Sportech’s share price of 62.63 pence per share on August 13th, with the proposed acquisition comprised primarily of cash.

The two parties [...]

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