London Club CEO Denies Bid OfferAs reported by Reuters: "London Clubs International (LCI.L) has not received a bid approach, Chief Executive Bill Timmins said on Friday, after the casino owner's shares gained 22 percent in four days on bid rumours.
"…London Clubs' shares closed at 140 pence on Friday, having gained 3.7 percent during the session to value the company at around 310 million pounds ($550 million). "Its Malaysian shareholder, Genting (GENT.KL), built up its stake earlier this year but stopped in April at 29.9 percent, just short of the 30 percent at which it must launch a takeover bid under UK takeover rules…" |
