Stay updated with breaking news from Mor Weizer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shares in Playtech PLC (LSE:PTEC) fell sharply after Hong Kong-based investment company TTB Partners said it will not make an offer for the British gaming...
Playtech cites strong inbound interim trading results and long term prospects despite TTB deal rejection
TTB Partners had been given until 5pm tomorrow by the City Takeover Panel to reveal whether it would make a bid for the gambling software developer or walk away.
The stock sank 18.3% after TT Bond Partners, the gambling software company's third largest shareholder, said it would not be making an offer.
Gaming software supplier Playtech has reported a 25 per cent jump in annual earnings and confirmed it is still in talks with a group of Asia-based investors over a potential takeover deal.