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LADBROKES 888 MERGER TALKS IN DOUBT?
06th February, 2011 at 14:55:58
Ladbrokes offer rejected as too low by 888
British media are reporting that merger talks between Ladbrokes
and 888 may have come to an impasse over price.
Merger talks between the two companies were confirmed in December 2010 (see previous report) and a firm offer made in January 2011 has apparently been rejected as being far below expectations reports The Daily Mail.
Unidentified sources claim that Ladbrokes would not be willing to increase its offer and may walk away from the proposed deal. Analysts predict the deal as having a 50-50 chance of proceeding.
Ladbrokes originally tried to buy 888 four years ago for £470 million.
Related News Tags: Ladbrokes
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