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Sportech shares fall as Football Pools sale collapses

1st November 2016 8:53 am GMT

London-listed gaming operator Sportech saw its share price fall by almost 10 per cent in London early Tuesday after confirming that discussions over the sale of its Football Pools business have been terminated.

The collapse of the talks brings to an end a process that kicked off in September, when investment firm Burlywood Capital proposed to acquired the business for a total consideration of £97.25m.

Burlywood is run by Sportingbet founder Mark Blandford and former Merrill Lynch executive Andrew Burnett, [...]

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