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BRIEF-Kindred makes recommended cash offer for 32Red
February 23, 2017 / 7:26 AM / 7 months ago

BRIEF-Kindred makes recommended cash offer for 32Red

Feb 23 (Reuters) - Kindred Group Plc

* Says to make a GBP 175.6 mln recommended cash offer for 32Red

* Says the cash consideration payable under the Offer will be funded by new acquisition facilities of up to GBP 178 million, specifically for the purposes of this transaction

* Says 32Red is licensed and regulated in Gibraltar, the UK and Italy and is listed on the AIM market of the London Stock Exchange

* Says 32Red has approximately 125 employees based in Gibraltar Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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