Playtech Agrees to Buy Plus500 for GBP459.6mGaurav Panchal
Under terms, Plus500 shareholders to get 400p per shr in cash.
- Deal values the entire issued ordinary share capital of Plus500 at ~GBP459.6m
- Plus500’s Board expects group rev. for 2015 to be lower than in 2014, with margins expected to be significantly lower due to maintained marketing spend.
- Statement: Link
- Earlier: Cable Car Capital Remains Short Plus500, Lowers PT to 52p Link
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