Following an announcement from this morning about the termination of the proposed acquisition of Plus500 Ltd (LON:PLUS) by Playtech PLC (LON:PTEC) due to regulatory issues, shares in both companies opened way below Friday close levels. At London market open today, one share in Plus500 traded per 280p, much lower than the 400p per share that Playtech…
Read moreFollowing the announcement of the termination of the proposed acquisition of Plus500 Ltd (LON:PLUS) by Playtech PLC (LON:PTEC), the CFD and Forex broker unveiled its plans for an independent future. Interim Dividend Under the terms of the proposed acquisition by Playtech the Board agreed not to declare an Interim Dividend for 2015. However, after the termination…
Read moreThe mergers and acquisitions world is full of risks, with one more piece of proof just provided from Playtech PLC (LON:PTEC)... The company has been waiting for a nod of approval from the Financial Conduct Authority (FCA) for the proposed acquisition of Plus500 Ltd (LON:PLUS) but after an update from the UK regulator late on…
Read morePlaytech PLC (LON:PTEC), which in June submitted a £460 million acquisition bid for retail CFD and Forex broker Plus500 Ltd (LON:PLUS), today provided another update on how the approval process for the deal is progressing. The company said that expects the Financial Conduct Authority (FCA) decision in connection with the proposed acquisition of Plus500 in December…
Read moreDue to the high profile nature of the Plus500 acquisition, receipt of regulatory approvals is taking more time than initially anticipated, Playtech admitted.
Read moreThe proposed £459.6 million acquisition got the backing of 100% of the votes cast at today's Extraordinary General Meeting of Playtech shareholders.
Read moreThe results from the votes by proxy on the proposed acquisition of Plus500 by Playtech have been counted, with 60 million shareholders voting in favor and only 5 million voting against the proposals, thus it is currently likely that the acquisition will proceed
Read moreTeddy Sagi will retain his 33% stake in Playtech, which is looking beyond Plus500 at other Forex acquisitions.
Read moreAt the special general meeting on July 16, 2015, shareholders will vote on the proposed acquisition of Plus500 by Playtech, with the broker's board recommending the deal, but Odey expected to vote against it.
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