Ron Burgundy Posted August 7, 2015 Share Posted August 7, 2015 British online gambling company GVC Holdings Plc raised its offer to buy rival Bwin.party Digital Entertainment Plc for a second time in two weeks, hoping to persuade the company to reject 888 Holdings Plc's offer. GVC's latest offer, backed by U.S. private equity firm Cerberus Capital Management, is worth 1.03 billion pounds ($1.6 billion) in cash and stock and is only slightly higher than its previous offer of about 1 billion pounds. Bwin could use GVC's latest offer to coax a higher offer from 888, said Simon Davies, an analyst with Canaccord Genuity. View the full article Quote Link to comment Share on other sites More sharing options...
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