ONLINE WORLD NEWS Playtech advises shareholders to vote in favour of Aristocrat takeover 2 years ago Szarlot Post Views: 366 The $2.7bn Playtech takeover offer made by Aristocrat Leisure might be voted down by Asian investors, who collectively own approximately a quarter of the group’s shareholding. Reports suggest the group of Asian investors could vote against the Aristocrat deal. A new general meeting has been scheduled for 2 February, for investors to vote on Aristocrat’s 680p-a-share ($9.19) offer. The vote has already been rescheduled twice because Playtech governance agreed to grant JKO Play, a consortium led by former Formula 1 tycoon Eddie Jordan, time to propose a counteroffer to shareholders. However, that bid did not materialise. Sources have said Jordan’s bid “was abandoned, ostensibly because of concerns about the intentions of the Asian shareholders.” Apparently, Playtech’s financial advisors have drafted a contingency plan that would have the board follow a break-up and auction of the group’s online gambling software, B2B unit and its Snaitech Italia betting business. Reportedly, such a break-up would only be triggered if the takeover of the group by Aristocrat collapses. Playtech has issued a statement that confirmed the company is up to date with speculation and rumours in regard to the company’s future strategy. The statement read: “The Board of Directors reiterates its recommendation that shareholders vote in favour of the offer from Aristocrat Leisure Limited. While Playtech has made significant strategic and operational progress, and is in a strong position for the future, Aristocrat’s proposal provides an attractive opportunity for shareholders to accelerate the delivery of Playtech’s longer-term value.” Source: gamblinginsider.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Aristocrat, Playtech, shareholders Continue Reading Previous Greentube latest slot Power Prizes – Noble Peacock™.Next Springbok Casino is Great for Mobile Betting More Stories ONLINE SOUTH AFRICA Top Betting Sites in South Africa Featuring the Aviator Crash Game 17 hours ago Szarlot GAMES ONLINE Pragmatic Play introduces a twist on picture bingo with Animingo 17 hours ago Samuel ONLINE SOUTH AFRICA Nolimit City launches in South Africa 2 days ago Samuel ONLINE What Is Blockchain? 2 days ago Szarlot NIGERIA ONLINE Nigerian crypto fee hike invitation for crypto “big boys” 3 days ago Szarlot KENYA ONLINE iGaming’s Global Growth: From Africa to North America 3 days ago Szarlot KENYA ONLINE Kenya’s Blockchain Association Makes Plea for Detained Binance Executives 3 days ago Samuel HOT NEWS ONLINE SOUTH AFRICA South Africa’s online casino industry in 2024 4 days ago Samuel ONLINE SOUTH AFRICA Analysis Of Land-Casinos and Online Casinos in South Africa 4 days ago Szarlot ONLINE UGANDA How to Easily Find Your Favorite Game at Buffalo Slots 4 days ago Tools GAMES ONLINE Fire Portals from Pragmatic Play 4 days ago Iwo Bulski CASINO WORLD NEWS NOVOVISIONTM improves business at the Venice Casino 4 days ago Samuel 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.