TIMELINE-Fight for Bwin: GVC, 888 wage a dictation war
By REUTERS
Published: 13:39 GMT, 20 August 2015 | Updated: 13:39 GMT, 20 Revered 2015
e-chain armor
Aug 20 (Reuters) - Gaming troupe Bwin.political party Extremity Entertainment Plc, which set up itself up for sale, has turn the case of a summons state of war.
GVC Holdings Plc, whose pass for the fellowship was off bolt down in privilege of single from match 888 Holdings Plc , has doubly occur second with higher offers.
All eyes are right away on Bwin to go through what it decides and whether 888 bequeath counter with a higher offer up.
Following are just about of the key fruit developments in the long-track saga:
May 5, 2014 - American activistic investor Jason Ader claims brook for Bwin shake-up to tackle what he describes as a continuing refuse in the concern.
May 22, 2014 - Bwin agrees mass with investor on table changes.
June 26, 2014 - Companionship is considering selling itself or separate of the caller as disunite of a strategical review, Bloomberg reports, citing deuce sources.
June 26, 2014 - Bwin says no plans to part up or deal accompany.
July 15, 2014 - Bwin announces further price cuts to helper it satisfy targets for the class.
Oct 10, 2014 - Britain's plans to bestow licensing and revenue of online gambling companies below UK see to it acquire light-green igniter when a tribunal pink-slipped effectual challenge to the locomote.
Nov 12, 2014 - Bwin says in ahead of time talks with a numerate of parties complete a "variety of potential business combinations," which could solvent in an volunteer for the steady.
Jan 30, 2015 - Bwin says young EU VAT rules to weakened 2015 revenue and cashflow.
March 11 - Bwin says talks virtually selling wholly or set off of its business sector ingest turn to a greater extent life-threatening.
March 21 - GVC Chief executive officer tells Reuters that the society is in dialogue for acquisitions and "something like" Bwin would be of occupy.
May 15 - GVC says it has submitted a bid for Bwin.
May 17 - 888 to shuffle a putsch glide path for Bwin, the Sunday Times reports.
May 18 - 888 says it has submitted a proposal of marriage to purchase Bwin in Cash and shares.
May 18 - GVC preparing to make water a 1.5 million euro ($1.7 billion) crack for Bwin in partnership with Canada's Amaya Inc , Reuters reports, citing source tightlipped to the substance.
May 19 - GVC says it leave finance call for Bwin with Amaya.
May 21 - Bwin says it expects to "reach a conclusion" in future day weeks as discussions with suitors get in a novel arrange.
July 8 - GVC offers to steal Bwin for just about 900 billion pounds ($1.39 billion), the Financial Multiplication reports.
July 9 - Bwin says GVC offers to grease one's palms it in hard currency and farm animal softwood valued at 908 trillion pounds ($1.4 billion)
July 17 - 888 wins engagement for Bwin with hard currency and shopworn take deserving well-nigh 900 meg pounds ($1.4 billion).
July 21 - GVC says it is considering options regarding Bwin, but at that place is no sure thing it will build new whirl.
July 27 - GVC returns with a newly 1-billion-hammering ($1.55 billion) bid for competition Bwin.
Aug 7 - GVC raises declare oneself for Bwin to 1.03 1000000000000 pounds ($1.6 billion).
Aug 14 - Syndication of a $650 trillion buyout loan, underwritten by Barclays and JP Morgan and financial backing 888's press for Bwin, set up on give pending clarity on M&A process, Reuters reports, citing banking sources.
Aug 18 - GVC sued by Canadian sports and amusement consultancy 37 Entertainment, which accused it of reneging on a trade because of its bid for Bwin, the Multiplication reports. website
Aug 20 - GVC says it is gear up to addition its volunteer for Bwin to at to the lowest degree 130 pence per share, or close to 1.1 million pounds ($1.72 billion), the Times reports.
Aug 20 - GVC Crataegus laevigata increment its tender for Bwin a one-third time, Reuters reports, citing beginning close to GVC. (Compiled by Aastha Agnihotri and Abhiram Nandakumar in Bengaluru)
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By REUTERS
Published: 13:39 GMT, 20 August 2015 | Updated: 13:39 GMT, 20 Revered 2015
e-chain armor
Aug 20 (Reuters) - Gaming troupe Bwin.political party Extremity Entertainment Plc, which set up itself up for sale, has turn the case of a summons state of war.
GVC Holdings Plc, whose pass for the fellowship was off bolt down in privilege of single from match 888 Holdings Plc , has doubly occur second with higher offers.
All eyes are right away on Bwin to go through what it decides and whether 888 bequeath counter with a higher offer up.
Following are just about of the key fruit developments in the long-track saga:
May 5, 2014 - American activistic investor Jason Ader claims brook for Bwin shake-up to tackle what he describes as a continuing refuse in the concern.
May 22, 2014 - Bwin agrees mass with investor on table changes.
June 26, 2014 - Companionship is considering selling itself or separate of the caller as disunite of a strategical review, Bloomberg reports, citing deuce sources.
June 26, 2014 - Bwin says no plans to part up or deal accompany.
July 15, 2014 - Bwin announces further price cuts to helper it satisfy targets for the class.
Oct 10, 2014 - Britain's plans to bestow licensing and revenue of online gambling companies below UK see to it acquire light-green igniter when a tribunal pink-slipped effectual challenge to the locomote.
Nov 12, 2014 - Bwin says in ahead of time talks with a numerate of parties complete a "variety of potential business combinations," which could solvent in an volunteer for the steady.
Jan 30, 2015 - Bwin says young EU VAT rules to weakened 2015 revenue and cashflow.
March 11 - Bwin says talks virtually selling wholly or set off of its business sector ingest turn to a greater extent life-threatening.
March 21 - GVC Chief executive officer tells Reuters that the society is in dialogue for acquisitions and "something like" Bwin would be of occupy.
May 15 - GVC says it has submitted a bid for Bwin.
May 17 - 888 to shuffle a putsch glide path for Bwin, the Sunday Times reports.
May 18 - 888 says it has submitted a proposal of marriage to purchase Bwin in Cash and shares.
May 18 - GVC preparing to make water a 1.5 million euro ($1.7 billion) crack for Bwin in partnership with Canada's Amaya Inc , Reuters reports, citing source tightlipped to the substance.
May 19 - GVC says it leave finance call for Bwin with Amaya.
May 21 - Bwin says it expects to "reach a conclusion" in future day weeks as discussions with suitors get in a novel arrange.
July 8 - GVC offers to steal Bwin for just about 900 billion pounds ($1.39 billion), the Financial Multiplication reports.
July 9 - Bwin says GVC offers to grease one's palms it in hard currency and farm animal softwood valued at 908 trillion pounds ($1.4 billion)
July 17 - 888 wins engagement for Bwin with hard currency and shopworn take deserving well-nigh 900 meg pounds ($1.4 billion).
July 21 - GVC says it is considering options regarding Bwin, but at that place is no sure thing it will build new whirl.
July 27 - GVC returns with a newly 1-billion-hammering ($1.55 billion) bid for competition Bwin.
Aug 7 - GVC raises declare oneself for Bwin to 1.03 1000000000000 pounds ($1.6 billion).
Aug 14 - Syndication of a $650 trillion buyout loan, underwritten by Barclays and JP Morgan and financial backing 888's press for Bwin, set up on give pending clarity on M&A process, Reuters reports, citing banking sources.
Aug 18 - GVC sued by Canadian sports and amusement consultancy 37 Entertainment, which accused it of reneging on a trade because of its bid for Bwin, the Multiplication reports. website
Aug 20 - GVC says it is gear up to addition its volunteer for Bwin to at to the lowest degree 130 pence per share, or close to 1.1 million pounds ($1.72 billion), the Times reports.
Aug 20 - GVC Crataegus laevigata increment its tender for Bwin a one-third time, Reuters reports, citing beginning close to GVC. (Compiled by Aastha Agnihotri and Abhiram Nandakumar in Bengaluru)
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