Shareholders in Paddy Power will receive a detailed prospectus outlining plans and initiatives for the company’s planned £6.4 billion merger with rival Betfair. Investors are set to receive the prospectus, ahead of voting on the deal at an extraordinary general meeting. At present, Ireland’s Competition and Consumer Protection Commission’s (CCPC) is set to complete its Phase 1 competitor review by …
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Paddy Power – Betfair merger enters phase 1 CCPC review
The planned £6.2 billion (€7.5 billion) Paddy Power/Betfair merger has entered its phase one probe by the Irish Competition & Consumer Protection Commission (CCPC). Since the merger was first announced on the 25 of August, Paddy Power and Betfair governances’ have been working together to submit the planned proposal to the CCPC. The CCPC will now review the operators’ plans …
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