Playtech shareholder vote does not approve Aristocrat’s £2.7 billion bid LeapRate

February 02, 2022 BY Steffy Bogdanova

Playtech shareholder vote does not approve Aristocrat's £2.7 billion bid

Acquisition bids falling through Australian gambling equipment maker, Aristocrat, had made an acquisition offer for Playtech stocks at 680 pence apiece last October. Two other companies also showed interest in Playtech, JKO and Gopher, but they ultimately pulled out of the race. The Hong Kong-based company Gopher recently bought Playtech’s financial division Finalto in a…

January 21, 2022 BY Steffy Bogdanova

JKO withdraws acquisition offer for Playtech

Aristocrat Offer The Board of Directors of Playtech unanimously recommends that the shareholders vote in favour or Aristocrat Leisure’s offer. Playtech’s Court and General Meetings, where the shareholders can vote on the acquisition offer and on the Playtech Resolutions will be held on 2 February 2022. Playtech’s BoD has shared concerns that it still seeking…

December 02, 2021 BY Steffy Bogdanova

Playtech shareholders vote to approve Gopher’s $250 million offer for Finalto

Trevor Croker, Aristocrat’s CEO and Managing Director, commented: The approval given by Playtech shareholders to dispose of Finalto meets a condition of Aristocrat’s recommended offer and is a further step forward in the completion process. Aristocrat’s offer for Playtech has been recommended by the Playtech Board, and is the only offer on the table for…

November 19, 2021 BY Steffy Bogdanova

Gopher withdraws from the acquisition race for Playtech

The official statement said: Today's announcement has no bearing on Gopher's agreement to acquire Playtech's financial trading division, Finalto. Gopher remains fully committed to the acquisition. The process is ongoing and is expected to complete in H1 2022. Yesterday Playtech revealed that JKO Play Limited is also shown interest and has inquired about due diligence…

November 18, 2021 BY Steffy Bogdanova

Playtech confirms JKO's acquisition interest

JKO’s interest follows a £2.7 billion acquisition offer made by Australian gambling equipment maker, Aristocrat Leisure. Gopher Investments, the largest Playtech shareholder that recently bought Finalto, also made an offer to acquire Playtech. JKO is currently in discussions with Centerbridge Partners L.P and others for the provision of capital funding for the acquisition of Playtech.…

November 08, 2021 BY Steffy Bogdanova

Gopher Investments shows interest in acquiring Playtech

The statement said: There is no certainty that Gopher's approach will result in an offer for Playtech, nor as to the terms on which any offer may be made. Earlier in October, Aristocrat Leisure agreed to acquire Playtech in a £2.7 billion deal. The gaming giant’s shares jumped within 24 hours of the announcement. The…

October 18, 2021 BY Steffy Bogdanova

Aristocrat Leisure to buy Playtech for £2.7 billion

He further explained that the combined group will offer a broader portfolio of end-to-end solutions for gaming customers around the globe. Mor Weizer, CEO of Playtech, said: This transaction marks an exciting opportunity in the next stage of growth for Playtech, and delivers significant benefits to our stakeholders, including our customers, our shareholders and our…

September 30, 2021 BY Steffy Bogdanova

Gopher to acquire Finalto for $250 million from Playtech

According to the official announcement, net cash available to Playtech at completing the sale will increase by approximately $242 million. This amount is in addition to the €40 million excess cash which was extracted during the first half of 2021. Teresa Teague, Partner at TT Bond Partners, commented: Gopher has been impressed by the strength…

September 17, 2021 BY Steffy Bogdanova

Playtech appoints Linda Marston-Weston to its Board

Outside of EY, Marston-Weston founded a local cross business female mentoring network. There she acts as mentor to several upcoming talented women. She is also currently Head of the Transaction Tax team at Cooper Parry, the accountancy firm. Brian Mattingley, Non-Executive Chairman, said: I am delighted to welcome Linda to the Board. In addition to…

August 19, 2021 BY Steffy Bogdanova

Playtech shareholders reject Finalto sale to the Consortium led by the Barinboim Group

Gopher Investments made a $250 million offer to acquire Playtech’s financial business. In early July, the Hong Kong-based 4.67% stakeholder of Playtech, urged the shareholders to adjourn their meeting or reject the offer by the Consortium. With the Consortium’s approval, Playtech made efforts to find out Gopher’s source of funds and understand the company’s structure.…

Tag: playtech