Sportingbet has announced that it has received an approach in relation to a possible offer for the company from Ladbrokes.
Ladbrokes is now required, by October 17, to either announce a firm intention to make an offer for the company or announce that it does not intend to make an offer. This deadline can be extended. Talks between Sportingbet and Ladbrokes are still continuing and a further announcement will be made in due course.