Playtech shareholders rebuff Aristocrat Leisure Limited takeover approach
Online casino games developer Playtech is reportedly considering what to do after its shareholders spurned a $2.8 billion takeover offer that had been lodged by Australian gaming machines giant Aristocrat Leisure Limited.
According to a report from the Reuters news service published by US News and World Report, less than 55% of investors in the London-listed innovator voted in favor of the around $9.17-a-share proposition earlier today when a consensus of at least 75% had been required. This blow purportedly means that Aristocrat Leisure Limited will now be required to wait at least six months before floating another analogous takeover attempt even as the Isle of Man-based target disclosed it was considering other potential approaches.
Eminent enterprise:
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