GVC would reportedly consider going hostile for Bwin
GVC Holdings is reportedly considering going hostile in the £1bn battle for Bwin.Party Digital Entertainment if the company’s board recommends a lower offer from 888 Holdings.
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The Times quoted GVC chairman Lee Feldman as saying that the board is “not prepared to walk away” from Bwin and when asked about the possibility of going hostile, he said the GVC had “certainly thought about it”.
"We don't see (going hostile) as necessary right now as we're offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn't exclude any strategy," he told the Times.
At 1005 BST, GVC shares were down 0.8% at 448p.