ALL aristocrat leisure limited

(Adds details, background, Aristocrat statement) Feb 2...

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    (Adds details, background, Aristocrat statement)

    Feb 2 (Reuters) - Gambling software maker Playtech PTEC.L does not expect its shareholders to approve its proposed takeover by Australia's Aristocrat (ALL) , the British company said on Wednesday, adding it was also looking at other deal proposals.

    The news sent Playtech shares down nearly 5% to 550 pence in early trading.

    Playtech needs approval from 75% of shares voting at its general meeting scheduled later in the day to go ahead with the 2.1 billion pound ($2.84 billion) offer from Aristocrat.

    "The emergence of a certain group of shareholders who built a blocking stake while refusing to engage with either ourselves or Playtech materially impacted the prospects for the success of our offer," Aristocrat Chief Executive Officer Trevor Croker said in a separate statement.

    The Australian company said most of the dissenting shareholders took stakes in Playtech after the 680 pence-per-share offer was announced in October.

    As the United States opens up to sports betting and potential bidders assess British gambling expertise, Playtech was approached by Hong Kong-based investor Gopher Investment and former Formula One team boss Eddie Jordan last year. ($1 = 0.7388 pounds)

 
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(20min delay)
Last
$70.26
Change
0.290(0.41%)
Mkt cap ! $43.52B
Open High Low Value Volume
$69.45 $70.28 $68.79 $53.69M 768.1K

Buyers (Bids)

No. Vol. Price($)
1 2750 $70.06
 

Sellers (Offers)

Price($) Vol. No.
$70.39 2774 1
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Last trade - 16.10pm 11/09/2025 (20 minute delay) ?
ALL (ASX) Chart
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