Gopher Investments pulls out of race to acquire Playtech
Gopher Investments a 4.97% shareholder in Playtech plc , today confirms that it does not intend to make an offer for Playtech.
Today’s announcement has no bearing on Gopher’s agreement to acquire Playtech’s financial trading division, Finalto. Gopher remains fully committed to the acquisition. The process is ongoing and is expected to complete in H1 2022.
Playtech’s board has recommended a 2.1 billion pound offer from Australia’s Aristocrat Leisure for its overall business to shareholders.Aristocrat said in a statement it continued to work together with Playtech to complete the proposed acquisition, adding that the regulatory approval process was on track.