19th of September 2011 Author: Johnny Karp
Deadline October 17
According to the latest reports on the case, the negotiations on the possible acquisition of the UK internet gambling group Sportingbet plc by Ladbrokes plc, which began on June 23, 2011, are still ongoing, and that a further announcement would be made in due course.
However, they do not have too much time to deliberate the conditions of the sale, as exchange rules require that Ladbrokes must either announce a firm intention or make an offer for Sportingbet not later than 5.00 p.m. on 17 October 2011 or announce that it there will be no offer.
Still, there is a chance of extending the deadline with the formal consent of the exchange.
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