Boylesports intends to proceed with a Euro 25 million-plus takeover bid for Ladbrokes' Irish retail business including 196 shops according to Irish news publication, The Independent, over the weekend.
Boylesports was unsuccessful in a High Court case to gain access to sensitive information on Ladbrokes' loss-making Irish retail business, which was placed under the protection of the High Court previously in the year.
The company sought info from examiner Ken Fennell of Deloitte on Ladbrokes Ireland's individual store profits, the number of betting slips generated by each shop and a list of current leases prior to bidding.
The Independent reported that Boylesports founder and chief executive John Boyle said that the company was still interested in making a bid for the retail business even after losing the legal challenge.
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sharpe
06/24/15, 09:06:17 PM
Ladbrokes is one of the famous bookmaker names on the market and I didn't know that their retail business is in such a bad condition. Obviously Boylesport seriously...
Ladbrokes is one of the famous bookmaker names on the market and I didn't know that their retail business is in such a bad condition. Obviously Boylesport seriously intends to buy up their business and I think 25 mil euros for 196 shops is not a huge amount and it will be a great deal for them if they would be able to finish it.
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