Gambling software maker Playtech has again urged shareholders to accept a £2.7bn takeover offer from Australia’s Aristocrat Leisure after reports it is planning a breakup and sale of the group if the bid is blocked by a bloc of Asia-based investors.
Sky News reported that Playtech’s directors and its investment banking advisers are discussing dismantling the group, citing unnamed sources.
“Playtech notes recent media speculation on the Company’s future strategy. The board of directors reiterates its recommendation that shareholders vote in favour of the offer from Aristocrat Leisure,” the company said in a statement on Wednesday.
“Whilst Playtech has made significant strategic and operational progress and is in a strong position for the future, Aristocrat’s proposal provides an attractive opportunity for shareholders to accelerate the delivery of Playtech’s longer-term value.”
