22nd of February 2013 Author: Glo Wood
This week, GVC and Sportingbet stakeholders approved the recommended offer for Sportingbet plc by William Hill Australia Pty Limited and GVC Holdings plc at a Sportingbet Bondholder General Meeting, Court Meeting and the Shareholder General Meeting.
At Sportingbet's Bondholder meeting, 657 aka 100 percent of votes went in favor of the deal, while 86.71 percent majority of Scheme Shareholders voted in favor of the deal and the Shareholder General Meeting went in the same spirit.
At the same time, GVC Holdings PLC announced an Extraordinary General Meeting resulted in the passage of all resolutions related to the deal. Completion of the Offer remains subject to certain conditions but it is expected it will come into effect on March 19, 2013.
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