High-society Entertainment and Playtech are deferring their investor gathering concerning a suggested amalgamation due to ongoing attention from JKO Play.
High-society’s first proposition for Playtech, revealed on October 18, 2021, was for £6.80 (US$9.21) per share in funds. The investor assembly, initially slated for January 12, 2022, has now been moved to February 2, 2022. This postponement provides JKO Play until January 26, 2022, to either submit a formal proposal for Playtech or cease participation.
Although High-society’s bid stands as the sole official proposal presented, the firm conveyed dissatisfaction that the postponement grants other prospective bidders, such as JKO Play, additional opportunity to devise a counter-suggestion. This, they contend, extends the ambiguity for Playtech stakeholders.
The firm also hoped to highlight that the regulatory process is progressing as expected. There’s a strong desire to finalize this agreement swiftly, and it appears the sentiment is shared!
It seems the vendors are keen to complete this transaction…
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