Empire Online
Suggest Takeover
As reported by the Ireland
On-Line News: "Gaming operator Empire Online
today suggested its spell on the stock market could
be short-lived after revealing a £790m (€1.2bn)
takeover approach.
"Empire, which makes its money from directing
players to poker and casino websites, did not name
the company behind the approach which came just
two months after its flotation on the London market.
"The talk in the market centred on PartyGaming
which already has a deal with Empire to market some
of its poker websites and could generate savings
from combining the businesses.
"…In a statement today, Empire noted
the recent movement in the price of its shares that
were listed at 175p in June and had risen to 245p
by the start of trading today.
"Investors buying the stock today pushed Empire
shares to 270p, which the company confirmed was
the price that its suitor was willing to pay…"
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