04
January
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Ladbrokes owner Entain confirms MGM approach on possible offer
in News
(Reuters) – Ladbrokes (LON:LCL) owner Entain said on Monday it received proposals from U.S. casino operator MGM Resorts for a possible offer, adding that the planned bid significantly undervalued the company.
As per Reuters’ calculation, the proposed price per share of 1,383 pence per Entain share implies a total deal value of 8.09 billion pounds ($11.08 billion).
($1 = 0.7301 pounds)
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