Deals
GVC Prepared to Make Higher Offer to Win Bwin.Party Bid Contest
This article is for subscribers only.
GVC Holdings Plc indicated that it’s ready to increase its offer for Bwin.party Digital Entertainment Plc, saying it will do everything possible to win a tussle with 888 Holdings Plc for the online gaming company.
GVC “can pay more if necessary,” a representative for the Isle of Man-based company said Thursday in an e-mailed statement. Two weeks ago, GVC said it made a proposal to Bwin.party worth 125.5 pence a share as it seeks to persuade the online-gaming company to drop a lower offer it has accepted from