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Proposed merger “effectively the death” of Ladbrokes, says shareholder

18th November 2015 2:59 pm GMT

Ladbrokes shareholder Dermot Desmond, the Irish billionaire, has launched a blistering attack on the UK bookmaker’s proposed merger with Gala Coral, describing it as a reverse-takeover and “effectively the death of Ladbrokes as an independent company.”

Desmond, who owns a 1 per cent stake in Ladbrokes, said it is time for Ladbrokes’ shareholders to “stand up for their rights and instruct the board to properly evaluate all strategic options open to it [...]

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