Tag: Betfair

February 02, 2016 BY Maria Nikolova

Paddy Power, Betfair announce merger completion

Following the court approval of the proposed merger of online betting operators Paddy Power plc and Betfair Group plc, the deal was today completed. As a result, there is a new combined entity named Paddy Power Betfair plc, operating from https://www.paddypowerbetfair.com. Trading in the Betfair Shares on the London Stock Exchange's market for listed securities and…

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February 01, 2016 BY Maria Nikolova

Court approves proposed acquisition of Betfair by Paddy Power

Shortly after the proposed merger of Paddy Power plc and Betfair Group Ltd (LON:BET) secured the nods of approval of the UK Competition and Markets Authority (CMA) and Ireland’s Competition and Consumer Protection Commission (CCPC), the deal got the approval of a UK court. The High Court of Justice of England and Wales has today…

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December 21, 2015 BY Maria Nikolova

Betfair, Paddy Power shareholders approve merger proposal

A followup to LeapRate's story of the proposed acquisition of Betfair Group Ltd (LON:BET) by Paddy Power plc... Shareholders in both companies today voted in favor of the proposed scheme of the merger. The deal is set to close in the first quarter of 2016, pending certain conditions, such as sanction of the Scheme by the…

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July 03, 2013 BY Gerald Segal

LMAX planning US expansion

LMAX CEO David Mercer: "We need to be in New York in the next 12 to 18 months." UK-based institutional FX broker LMAX, which dubs itself a 'multi-lateral trading facility for foreign exchange', in indicating its intention to open a US operation by the end of 2014. In a posting on its website, LMAX CEO David…

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February 12, 2013 BY Gerald Segal

Is someone looking to buy London Capital Group?

LCG shares shoot up 11% on Monday with no apparent new news. After we saw shares of ICAP and IG Group rise last week following some healthy January volume reports, today's turn for a buying frenzy goes to London Capital Group. LCG shares traded up more than 11% on Monday, now sitting at £0.40. The company's…

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December 18, 2012 BY Gerald Segal

Why is LMAX only worth £3.6 million?

LMAX lost another £4.5 million in the first six months of fiscal '13. LMAX's spinoff to management (backed by ex-Betfair Chairman Ed Wray) was certainly not unexpected, as we had blogged about Betfair's likely exit from LMAX just several days prior. But the value at which it was done, at a company valuation of just £3.6 million, with £2.4…

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