Nov 12 - Speculation Over Bid For Bwin.party - Shares Up 12%
Bwin.party, the Gibraltar-based online gaming operator, has issued a statement to the London Stock Exchange's Regulatory News Service after a flurry of rumours regarding a takeover bid spread across the industry.
Shares in the company are up 12 per cent in London at 120.5p after it confirmed that it had entered into “preliminary discussions with a number of interested parties regarding a variety of potential business combinations with a view to creating additional value for bwin.party shareholders.”
One of the major bidders is believed to be the Toronto-listed Amaya Gaming Group at a price of 145p per share, according to the Financial Times.
