Speculation That Gvc Holdings Is About To Take A Run At Ladbrokes-coral.

SPECULATION THAT GVC HOLDINGS IS ABOUT TO TAKE A RUN AT LADBROKES-CORAL.

13th December, 2016 at 09:14:58
Source: http://www.azonlinecasinos.com

Financial Times report boosts Ladbrokes-Coral shares 5 percent.

A report in Friday's Financial Times that another significant online gambling merger is being planned sent Ladbrokes-Coral share prices up 5% as speculation mounted that GVC Holdings, which only a year ago acquired Bwin.Party in a 1.1 billion reverse takeover, is planning a similar move on Ladbrokes-Coral, itself only recently merged.

The Times report said the GVC offer would likely involve a 30% premium, valuing it at around 3.2 billion

GVC and Ladbrokes-Coral have thus far not commented on the reports.

readers will recall that recently Ladbrokes-Coral was reportedly contemplating a 2 billion acquisition bid for the Australian gambling group Tabcorp, which is in the throes of negotiating a merger with rival Tatts.

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