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bwin.party urges shareholders to reject SpringOwl resolutions

25th April 2014 8:58 am GMT

The board of bwin.party digital entertainment has urged its shareholders to vote against all of the resolutions proposed by activist investor SpringOwl, including its four nominees to the board, claiming that the appointments are not in the best interests of the company.

SpringOwl gained the right to nominate one individual to the bwin.party board after it acquired a 6.1 per cent stake in the business from PartyGaming founders Ruth Parasol and Russell DeLeon.

Earlier this month however, [...]

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