bwin Interactive Entertainment and PartyGaming shareholders approved the merger of their two companies at a general meeting in Gibraltar yesterday.
These approvals were a condition for carrying out the proposed merger. "The shareholder meetings were a key milestone in the overall process, putting the transformational merger of our two companies well on the way to completion. We are delighted that both sets of shareholders have overwhelmingly recognised the strategic, operational and financial benefits of creating the world’s largest listed online gaming company," said Jim Ryan and Norbert Teufelberger, the proposed co-CEOs of bwin.party digital entertainment.
A total of 335 shareholders attended bwin’s EGM, representing a total of 18.1 million shares. bwin shareholders will receive 12.23 bwin.party shares denominated in GBP for each bwin share.
At PartyGaming’s general meeting, all nine resolutions relating to the approval of the merger with bwin and associated matters, including the change of name from PartyGaming Plc to bwin.party digital entertainment plc, were approved by PartyGaming shareholders.
