: Bwin said it was not party to the placing arrangements, but they were consistent with the trustees’ obligations to sell down their holdings before the end of October, as part of an agreement reached in 2013, according to The Guardian. Bwin said the move would not have any impact on discussions it was currently holding. The company has fallen 11p to 94p as trustees of two shareholders, Emerald Bay and Stinson Ridge, said they would place up to 50m shares, around 6% of the business. It is at the centre of a takeover battle between rival 888 and a partnership between GVC and Canada Amaya. The sale has no bearing on the board discussions regarding proposals received from third parties that are continuing. Bwin chairman Philip Yea said: We welcome today news....as it provides clarity for the market regarding a significant block of shares that were due to be sold during 2015.
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