British sports betting and gambling firm Entain plc (LON:ENT) has seen its shares freefall after casino operators MGM Resorts International announced it does not intend to submit a revised proposal for the firm, which snubbed an $11 billion takeover deal earlier this month. Entain, previously known as GVC Holdings – which owns Ladbrokes and Sportingbet […]

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British videogame developer, Codemasters (AIM:CDM) watched its shares soar on Monday, as it announced it would turn down a takeover offer from Take-Two Interactive, in favour of the bid made by Electronic Arts Inc. (NASDAQ:EA). The company statement said that “Following the announcement today of a recommended cash offer for Codemasters Group Holdings plc by […]

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Shares at roadside recovery firm AA plc (LON:AA) were down almost 5% on Monday evening as Sky News reported that the company’s board is set to recommend a private equity takeover to help reduce its £2.6 billion debt mountain. The motoring group is reportedly being considered for a £218 million takeover proposal from TowerBrook Capital […]

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The bread brand Hovis has been sold to Endless for an undisclosed sum. Following talks, Endless acquired the brand after Newlat Food issued a statement saying that they had withdrawn themselves from the bidding war. Owned by Premier Foods (LON: PFD) and US investment firm, Gores Group, Hovis is a 134-year old firm that employs […]

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