The failure of the Aristocrat bid to buy Playtech has lined up two more prospects for the big gambling product supplier.
Firstly, it had previously stated that an alternative direction it would mull over pending the outcome of the shareholder voting on the Aristocrat offer was to break up the company into separate parts and sell them off individually.
In the past 24 hours, however, another alternative has come on to the scene with the re-emergence as a bidder of Gopher Investments, the Hong Kong-based investment group that dropped out of the running to buy Playtech last November.
Gopher is an affiliate of TTB Partners and has now asked Playtech to release it from the restrictions placed upon it by the City Code on Takeovers and Mergers, so that a possible offer could be put together.
As the London Stock Exchange closed last night Playtech shares had risen by 8.3 per cent. Playtech went on record as agreeing with the request to drop the embargo on a fresh offer from Gopher, which is already buying Playtech’s financial trading arm Finalto.
