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Sportingbet makes $180m bid for Centrebet

11th May 2011 7:07 am GMT

British online gaming operator Sportingbet plc has revealed that it is in advanced discussions with Centrebet International regarding a possible takeover of the Australian operator.

Sportingbet is bidding to acquire all outstanding shares and performance rights of Centrebet at a price of AUD$2.0 per security, valuing the business at approximately AUD$180m.

The offer price represents a premium of 26 per cent on the AUD$1.59 closing price of  Centrebet shares on May 10th, the day prior to the [...]

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