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CMA launches merger inquiry into GVC’s proposed deal for Ladbrokes Coral

8th February 2018 11:13 am GMT

The UK’s Competition and Markets Authority (CMA) is investigating the proposed acquisition of Ladbrokes Coral by GVC Holdings.

GVC agreed terms last December to acquire the London-listed operator last December, with the recommended offer seeing 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 Triennial [...]

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