{"id":3360,"date":"2022-02-03T05:53:49","date_gmt":"2022-02-03T05:53:49","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2022\/02\/03\/playtech-shareholders-crush-aristocrats-takeover-dreams\/"},"modified":"2022-02-03T05:53:49","modified_gmt":"2022-02-03T05:53:49","slug":"playtech-shareholders-crush-aristocrats-takeover-dreams","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2022\/02\/03\/playtech-shareholders-crush-aristocrats-takeover-dreams\/","title":{"rendered":"Playtech Shareholders Crush Aristocrat\u2019s Takeover Dreams"},"content":{"rendered":"
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In a surprising turn of events, UK based gambling software developer Playtech\u00a0<\/a>said on Wednesday that the long-anticipated acquisition<\/a> by Australian Aristocrat has been swept off the table. Company shareholders have rejected the takeover bid and Playtech is now considering other \u201cattractive\u201d M&A proposals from third-parties.<\/p>\n

Aristocrat\u2019s $3.7 billion offer needed the support of at least 75% of the shareholders. Nevertheless, the results of a shareholder vote held on Wednesday revealed that more than 45% voted against the deal.<\/p>\n

Prior to the vote, Aristocrat CEO Trevor Croker\u00a0said in a statement.<\/p>\n

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\u201cThe\u00a0emergence of a certain group of shareholders who built a blocking stake while refusing to engage\u00a0with either ourselves or Playtech\u00a0materially impacted the prospects for the success of our offer.\u201d<\/p>\n<\/blockquote>\n

Shortly after the news broke on Wednesday, Sky News reported that the British online gambling firm could soon receive a bid from TT Bond Partners, a Hong Kong-based investment firm. Playtech or TT Bond did not respond yet to the rumors.<\/p>\n

A week ago, news broke that Eddie Jordan\u2019s JKO is also out of the race<\/a> for the software development giant.<\/p>\n

The post Playtech Shareholders Crush Aristocrat\u2019s Takeover Dreams<\/a> appeared first on iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In a surprising turn of events, UK based gambling software developer Playtech\u00a0said on Wednesday that the long-anticipated acquisition by Australian Aristocrat has been swept off the table. Company shareholders have rejected the takeover bid and Playtech is now considering other \u201cattractive\u201d M&A proposals from third-parties. Aristocrat\u2019s $3.7 billion offer needed the support of at least […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3360","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t