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 Playtech boss could join TTB Partners for potential takeover bid

 
 After rejecting Aristocrat's $2.8 billion takeover bid, Playtech is back in the news. This time around, Playtech CEO Mor Weizer and a former company director, Thomas Hall, have approached TTB Partners with their interest in participating in a takeover approach of the group.
INFOPLAY |
We must remember that only 55% of voting shareholders supported the Aristocrat deal, below the required 75% threshold.

In this regard, Playtech has agreed to release TTB (the company's second largest shareholder) from UK takeover rules that prohibit the parties or their affiliates from making a new offer for six months after withdrawing from a previous offer. Recall that TTB advised affiliate Gopher Investments on a failed Playtech takeover proposal last year.

Given these developments, there are three aspects to consider:
  • TTB has told Playtech's board that it values the company above the 680 pence per share offered by Aristocrat.
  • Playtech's board said it could form an impartial committee to consider any proposal.
  • Both Playtech and TTB said there was no certainty that Weizer or Corridor would participate in TTB's investment group, nor that TTB would make a proposal. tor group, nor that TTB would make a proposal.
18+ | Juegoseguro.es – Jugarbien.es
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