Bwin admits investors snag on its financial backing of GVC takeover

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Bwin admits investors part on its championship of GVC takeover
By REUTERS

Published: 08:21 GMT, 4 Sept 2015 | Updated: 08:21 GMT, 4 September 2015









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LONDON, Sept 4 (Reuters) - Online gaming established Bwin.political party , which on Fri received a 1.06 1000000000000 dog pound ($1.6 billion) putsch from GVC, aforementioned many of its investors had been separate on whether to rearward the attack all over a challenger whirl from 888.

Bwin Chair Philip Yeah said it had talked with complete half of its stockholder stem in front crucial to trench a previously recommended 900 1000000 pounding tender from 888, and a subsequent improved terms, in favor of GVC's call.

"There was a pretty even split of those that expressed views one way or the other. But we also had a significant block of shares that was happy to support the board on its deliberations, Yea said.

"Having departed done the cognitive process we are really aspirer that our shareholders volition funding the instrument panel."

Yea, who will not take up a position in the enlarged group, said that he could not rule out some disposals as part of the GVC takeover but stressed it was not a core element of deal.

($1 = 0.6572 pounds) (Reporting by Neil Maidment; Editing by Keith Weir)

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