December 2, 2015
UK newspaper The Sunday Times has reported that the merged enterprise of Paddy Power – Betfair will look to implement £25 million in cost savings in 2016 by significantly reducing headcount. In September Paddy Power and Betfair governances’ had outlined a co-synergies’ savings target of £50 million, should their proposed merger receive its approval. A circular published this weekend details …
Read More »November 30, 2015
Issuing a short statement on Friday (27 November), Paddy Power Plc and Betfair Group Ltd have both announced that the planned £6.2 billion merger deal will be put to vote on 21 December. Both operators are set to host ‘extraordinary meetings’ in which investors will cast their votes on whether to progress the merger. Preparing for their shareholder vote, Paddy …
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