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Paddy Power Betfair merger edges closer after shareholder approval

22nd December 2015 7:55 am GMT

Having been approved by the UK Competition and Markets Authority (CMA) last week, Paddy Power’s merger with Betfair has taken a major step towards completion after the shareholders of each company voted overwhelmingly in favour of the deal.

During a Court Meeting held yesterday, Betfair asked shareholders to vote on the proposed merger with 262 in favour of the transaction, representing 99.9 per cent of those that voted, or 67,410,247 shares. Just two [...]

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