June 13, 2019 / 10:38 AM / a month ago

BUZZ-JPJ Group Plc: Jumps after proposed deal to buy Gamesys for 490 mln stg

** Shares of the bingo game Jackpotjoy owner rise 5.2% at 809p after proposed cash-and-stock deal to buy gaming co Gamesys for ~490 mln pounds

** JPJ says the deal will give the co access to Gamesys’ Virgin Games, Virgin Casino, but would not include its sports brands

** JPJ says combined co to be renamed Gamesys Group plc, and should qualify for inclusion in the mid-cap index

** Co proposes appointment of Gamesys CEO Lee Fenton as group CEO

** Deal expected to be double-digit accretive in first FY after completion

** YTD, JPJ stock has risen ~27% vs peer 888’s 10% fall and bigger rival GVC’s >8% drop (Reporting by Yadarisa Shabong in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below