ONLINE WORLD NEWS Aristocrat completes US$965 million fundraising exercise for Playtech bid 3 weeks ago Iwo Bulski Post Views: 49 Australian slot machine giant Aristocrat Leisure Ltd says it has now raised a combined AU$1.3 billion (US$965 million) towards its proposed acquisition of online gaming platform Playtech plc after completing a retail entitlement offer. Three weeks after an institutional entitlement offer raised AU$895 million (US$673 million), the retail component added an additional AU$405 million (US$304 million) via the issue of 9.7 million new Aristocrat shares at AU$41.85 per share. Aristocrat revealed on 18 October that it had launched an AU$3.9 billion (US$2.9 billion) bid to acquire Playtech, to be funded by way of AU$1.1 billion (US$816 million) in existing cash, a US$2.05 billion term loan and AU$1.3 billion (US$965 million) in equity raising. The company has also vowed to push ahead with its acquisition plans despite Playtech this week receiving a rival bid from Gopher Investments, its second largest shareholder with a 4.97% stake. Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Aristocrat, offer, Playtech Continue Reading Previous Top three James Bond moviesNext Chinese Police arrest syndicate team More Stories CASINO WORLD NEWS NOVOMATIC portfolio excelled at Gaming Industry Expo in Kiev 1 day ago Iwo Bulski GAMES ONLINE Book of Fallen by Pragmatic Play 3 days ago Iwo Bulski ONLINE SOUTH AFRICA Where to buy and sell the most popular crypto assets 5 days ago Samuel CASINO WORLD NEWS Macao detains Suncity boss on China gambling charge 5 days ago Szarlot EXPERTS WORLD NEWS BtoBet to provide FanDuel with new Player Account Management Platform 5 days ago Szarlot ONLINE WORLD NEWS Review of Playtech Games Software In 2020 1 week ago Szarlot CASINO WORLD NEWS Merkur Gaming repeat performance in Ukraine 1 week ago Iwo Bulski BETTING ONLINE The Most Popular Betting Apps in Africa 1 week ago Samuel HOT NEWS NIGERIA ONLINE Could Issuance of Mobile Money License-Impact Nigeria Online Gaming Industry? 1 week ago Adeleye Awakan BETTING WORLD NEWS BtoBet boosts its sportsbook offering with extensive coverage of horse racing 1 week ago Iwo Bulski ONLINE SOUTH AFRICA The Best Merkur Gaming Casinos for South African Players 1 week ago Samuel ONLINE The Fintech industry in Africa keeps growing 1 week ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.