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GVC and Ladbrokes Coral agree terms of acquisition

22nd December 2017 9:00 am GMT

The boards of London-listed betting and gaming operators GVC Holdings and Ladbrokes Coral Group have reached agreement on the proposed acquisition of Ladbrokes Coral by GVC.

The recommended offer will see Ladbrokes Coral shareholders receive £0.327 in cash, 0.141 ordinary GVC shares and a contingent entitlement of up to a further £0.428 plus a contingent value right, for each Ladbrokes Coral share.

The contingent value right (CVR) takes into account the UK’s [...]

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