Aristocrat completes NeoGames acquisition approval process
Aristocrat Leisure Limited said on Friday that it has obtained all the permissions required to purchase NeoGames S.A., a Luxembourg-based provider of gambling platforms.
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Playtech foresees failure of its £2.7bn sale by Aristocrat
The Playtech’s governance reports that it has anticipations of failure in its acquisition by the Aristocrat Leisure Limited.
The official meeting of the stockholders on Aristocrat’s bid is scheduled to take place later today. The proxy votes prior to the meeting have not been sufficient even for the 75 percent minimum threshold.
Aristocrat presented its takeover bid of 680 pence-a-share in October, but the deal was twice postponed as the authorities of Playtech were waiting for the JKO Play’s final intention on takeover.
The delay was followed by media rumors that the Asian stakeholders would vote down the bid of Aristocrat to block the transaction, forcing Playtech to break up and sell the entity’s B2C and B2B assets.
Today, Playtech’s authorities announced that they had discussed the option of maximizing stockholder value in case of Aristocrat’s takeover collapse. Therefore, an assessment of M&A offerings has been conducted in regard to the possible break-up of B2C and B2B assets.
The statement of Playtech says that no agreement has been made, and the discussions are in process, and any definitive agreement is unlikely to be achieved.
The chairman of Playtech, Brian Mattingley noted:
“Playtech is considered to be among the top companies in the iGaming industry with a wide variety of high-class products. If the Aristocrat does not succeed in takeover, we tend to maximize value for all the stockholders”.
Playtech planned to end the trade of Finalto financial services department in the second quarter of 2022, claiming that it has performed strong trading management after its latest update in past November.
The chief executive at Playtech, Mor Weizer, mentioned:
“Playtech keeps its leading position due to its strong performance of B2B and B2C assets. We are certain about our development strategy and our opportunity to take benefits from the structured contracts”.
Aristocrat to acquire NeoGames for AU$1.8b
Aristocrat Leisure has recently announced its acquisition of NeoGames for 1.8 billion Australian dollars.Through this latest acquisition, Aristocrat will significantly...
