17th of August 2011 Author: Glo Wood
As rumors circulated around GVC Holdings to purchase Sportingbet plc, a statement from GCV management released this week:
"The Board of GVC Holdings PLC (AIM:GVC).....notes the recent press speculation and announces that it is in exclusive discussions with Sportingbet plc regarding the possible purchase of the latter's Turkish language website business. Such a transaction, if completed, would constitute a Reverse Takeover under the AIM Rules. In accordance with the AIM Rules, trading in the company's ordinary shares will be suspended from 7.45 a.m. this morning [August 16], pending publication of a re-admission document.
"These discussions are at a preliminary stage and there can be no certainty that they will be concluded successfully. A further announcement will be made in due course."
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