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LADBROKES CORAL MERGER APPROVED BY CMA
26th October, 2016 at 19:55:11
Following divestment of retail betting properties.
plc and Coral
welcomed the Competition & Markets Authority (CMA) decision Wednesday which gave final approval on their merger deal.
In addition, the CMA approved the disposal of 322 shops to Betfred
, 37 to Stan James and one shop to Bet21 (see previous reports), a divestment condition required by the CMA for the merger to go ahead.
"I am delighted that the CMA has given approval to our merger with Coral," Jim Mullen, chief executive of Ladbrokes said. Both businesses are approaching the merger with good momentum and we are now focusing on completing the merger and delivering on the opportunities it offers."
Carl Leaver, chief executive officer of Gala Coral
added: "The final hurdle has now been cleared and we can begin to realise the significant value available to both company's shareholders."
Related News Tags: Betfred, Coral, Gala, Ladbrokes
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Results fail to impress but transformational period positions company for growth, Board believes.
NEW TELEVISION ADVERT FROM ONLINE CASINO
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PlayOJO.com begins major marketing push in UK.
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Future looks bright, developer says.
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Based on iconic comic book series.
ULTRAPLAY DOUBLE DEAL
27th March, 2017 at 13:46:09
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