Inspired Gaming Deal Under Negotiation
Published: Friday, September 07, 2007 Online-Casinos.com
GBP 270 MILLION INSPIRED GAMING DEAL UNDER NEGOTIATION
Amusement and gambling machine supplier may be acquired by Icelandic financial house
Ending the week on a high note, Inspired Gaming plc has advised the London regulatory officials that it has received an offer from a financial institution worth 385 p per ordinary share - around GBP 270 million.
The company advised that it was making the notification following media speculation and that it has entered into discussions with the would be buyer, which has commenced a due diligence process. "There can be no guarantee that this approach will result in an offer being made for the Company," the notification cautions.
Reuters later reported that an Icelandic financial house was believed to be the potential buyer.
The firm makes the betting machines in bookmakers such as William Hill and Paddy Power, and is being advised by Evolution Securities. Inspired Gaming's company secretary confirmed the company has 70 470 402 ordinary shares of 1 pence in issue.
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