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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