Online gaming firm BWin.Party (BPTY.L) has confirmed it has received an offer in cash and shares from peer 888 holdings. In a statement from 888 the company said it saw “significant industrial logic” in the merger of the two companies, with its shareholders voting 59% in favour of the move.
This comes after news last week that BWin.Party (BPTY.L) has received other offers from companies including GVC Holdings and todays news could now trigger a bidding war over BWin.Party (BPTY.L)
Online gaming firm BWin.Party (BPTY.L) has confirmed it has received an offer in cash and shares from peer 888 holdings. In a statement from 888 the company said it saw “significant industrial logic” in the merger of the two companies, with its shareholders voting 59% in favour of the move.
This comes after news last week that BWin.Party (BPTY.L) has received other offers from companies including GVC Holdings and todays news could now trigger a bidding war over BWin.Party (BPTY.L)
BWin.Party (BPTY.L) Shares were up around 10% this morning at around 110p.
888 Holdings is holding firm around 164.50p.
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