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GVC proposes £3.9bn acquisition of Ladbrokes Coral

7th December 2017 7:30 am GMT

London-listed GVC Holdings confirmed Thursday that it is in detailed discussions with UK bookmaker Ladbrokes Coral regarding a possible combination of the two businesses.

Ladbrokes Coral has received a non-binding proposal from GVC regarding a possible offer for the entire issued and to be issued share capital of the company.

Under the terms of the offer, Ladbrokes Coral shareholders would be entitled to 32.7p in cash and 0.141 ordinary GVC shares for [...]

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