The fight for the takeover of Playtech is not a "done deal" yet, as the boards of Playtech, Aristocrat and JKO Play have all agreed on a time-scale for bids.
The boards of Aristocrat and Playtech announced in mid-October that they had reached agreement on a firm offer for Playtech. On November 12 Playtech announced that a shareholder meeting would be held on January 12 to approve the offer.
But on November 17, Playtech received an approach from JKO. That meant, under takeover rules, that JKO has until January 5 – one week ahead of shareholder meetings – to announce a firm intention to make an offer for Playtech.
Now all three companies have accepted the London Stock Exchange ruling, there is a race against time for the JKO approach to be made formal.
