Playtech shareholders reject a £152m takeover bid for its financial trading arm
Playtech shareholders have rejected a £152m private equity bid
Playtech shareholders have rejected a £152m private equity bid for its financial trading arm. FTSE 250-listed Playtech wanted to sell Finalto to Israeli group Barinboim.
But at a general meeting yesterday, 68.3pc of votes cast went against the sale. The result is a win for second-biggest shareholder Gopher which wants to buy Finalto itself, and will now start talks to do so.
The board said: ‘Playtech understands that by voting against the resolution to dispose of Finalto to Barinboim, shareholders enable Playtech to engage with Gopher and to potentially secure better terms for a sale.’
Playtech provides software for the world’s largest gambling firms.