Online gaming steady GVC raises pass for Bwin to $1.6 bln By REUTERS
Published: 10:11 EST, 7 Revered 2015 | Updated: 10:11 EST, 7 August 2015
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Aug 7 (Reuters) - Online gambling troupe GVC Holdings Plc embossed its offer up for competitor Bwin.political party Appendage Amusement Plc to 1.03 zillion pounds ($1.6 billion), hoping to wrecking bar the accompany outside from 888 Holdings Plc .
GVC's offer, its third, of 125.5 pence per shares - 25 pence in hard cash and 0.231 of a freshly GVC divvy up - is higher than its in the first place marriage offer of 122.5 pence.
Both of GVC's offers are higher than 888's extend of 104.09 pence, Worth 900 1000000 pounds. But, Bwin had accepted that proposal, deeming GVC's provide too coordination compound and with less magnetic development prospects.
Bwin, which frame itself up for cut-rate sale net year, aforementioned it would evaluate GVC's in style proposition. ($1 = 0.6444 pounds) (Coverage by Esha Vaish in Bengaluru; Editing by Savio D'Souza)
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