Talks between Ladbrokes and 888 turfed
By Joni Hawk, May 25th 2007Ladbrokes, Plc. and 888 Holdings, Plc, two of the biggest online gaming companies in the world ave amicably agreed to discontinue talks.
The two companies have talked since last October about a possible buyout, but because of some legal complications the process was difficult to achieve. The statement caused a drop in share price for 888, with 5.7%, which lowered the price to $2.31 on the London Stock Exchange. Ladbrokes shares have increased by 1%.
The two companies have talked since last October about a possible buyout, but because of some legal complications the process was difficult to achieve. The statement caused a drop in share price for 888, with 5.7%, which lowered the price to $2.31 on the London Stock Exchange. Ladbrokes shares have increased by 1%.
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Talks between Ladbrokes and 888 turfed
