« News index »
LADBROKES SHAREHOLDER SLAMS PROPOSED MERGER WITH CORAL
18th November, 2015 at 12:44:46
It's the wrong deal, says Dermot Desmond.
stakeholder, billionaire Dermot Desmond, slammed the £ 2 billion deal between Ladbrokes and Coral
in an open letter to investors, saying it would "effectively be the death of Ladbrokes" as an independent company.
Desmond wants Ladbrokes shareholders to instruct the board to evaluate other strategic options open to it before this deal is complete and goes so far as to suggest a review of the deal by an independent investment bank.
A Ladbrokes response said: "We have had significant dealings with Mr Desmond as both a shareholder and a commercial partner over recent times.
"We note his views and are not surprised by them as he has been in extensive dialogue with the management team and not been afraid to talk of undertaking such action."
Related News Tags: Coral, Ladbrokes
SPORTECH FULL YEAR 2016 RESULTS
29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.
NEW TELEVISION ADVERT FROM ONLINE CASINO
28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.
HABANERO HAILS STRONG START TO 2017
28th March, 2017 at 11:21:29
Future looks bright, developer says.
PARIPLAY LAUNCH BLOODSHOT (Update)
27th March, 2017 at 20:04:48
Based on iconic comic book series.
ULTRAPLAY DOUBLE DEAL
27th March, 2017 at 13:46:09
With Mbitcasino and Arcanebet