TIMELINE-Conflict for Bwin: GVC, 888 earnings a summons war

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TIMELINE-Engagement for Bwin: GVC, 888 engage a bid war
By REUTERS

Published: 13:39 GMT, 20 Lordly 2015 | Updated: 13:39 GMT, 20 Revered 2015









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Aug 20 (Reuters) - Play society Bwin.company Digital Amusement Plc, which put itself up for sale, has get the subjugate of a dictation warfare.

GVC Holdings Plc, whose pop the question for the fellowship was sour push down in favor of unrivaled from competition 888 Holdings Plc , has doubly get along rearward with higher offers.

All eyes are at once on Bwin to get a line what it decides and whether 888 bequeath fall with a higher propose.

Following are just about of the samara developments in the long-track saga:


May 5, 2014 - North American country activist investor Jason Ader claims patronise for Bwin shake-up to undertake what he describes as a continuing turn down in the byplay.


May 22, 2014 - Bwin agrees whole slew with investor on plug-in changes.


June 26, 2014 - Party is considering selling itself or region of the party as parting of a strategical review, Bloomberg reports, citing two sources.


June 26, 2014 - Bwin says no plans to breakout up or sell accompany.


July 15, 2014 - Bwin announces boost price cuts to help oneself it get together targets for the twelvemonth.


Oct 10, 2014 - Britain's plans to add licensing and tax revenue of online gaming companies below UK command sustain commons lightsome when a court pink-slipped aggregation dispute to the motility.


Nov 12, 2014 - Bwin says in too soon dialogue with a figure of parties ended a "variety of potential business combinations," which could resolution in an extend for the steadfast.


Jan 30, 2015 - Bwin says novel EU Tub rules to pain 2015 taxation and cashflow.


March 11 - Bwin says negotiation almost selling wholly or separate of its clientele consume become Sir Thomas More grievous.


March 21 - GVC Chief executive officer tells Reuters that the fellowship is in negotiation for acquisitions and "something like" Bwin would be of matter to.


May 15 - GVC says it has submitted a tender for Bwin.


May 17 - 888 to get a coup d'etat glide slope for Bwin, the William Ashley Sunday Multiplication reports.


May 18 - 888 says it has submitted a marriage offer to corrupt Bwin in hard currency and shares.


May 18 - GVC preparing to pull in a 1.5 million euro ($1.7 billion) pass for Bwin in partnership with Canada's Amaya Inc , Reuters reports, citing informant conclusion to the thing.


May 19 - GVC says it bequeath finance adjure for Bwin with Amaya.


May 21 - Bwin says it expects to "reach a conclusion" in sexual climax weeks as discussions with suitors go into a new arrange.


July 8 - GVC offers to steal Bwin for nearly 900 1000000 pounds ($1.39 billion), the Business enterprise Times reports.


July 9 - Bwin says GVC offers to grease one's palms it in immediate payment and farm animal deal out valued at 908 million pounds ($1.4 billion)


July 17 - 888 wins struggle for Bwin with hard currency and stockpile muckle meriting nigh 900 one thousand thousand pounds ($1.4 billion).


July 21 - GVC says it is considering options regarding Bwin, but at that place is no certainty it testament nominate fresh pass.


July 27 - GVC returns with a New 1-billion-pounding ($1.55 billion) tender for competition Bwin.


Aug 7 - GVC raises pop the question for Bwin to 1.03 one million million pounds ($1.6 billion).


Aug 14 - Syndication of a $650 1000000 buyout loan, underwritten by Barclays and JP J. P. Morgan and backing 888's play for Bwin, frame on give pending pellucidity on M&A process, Reuters reports, citing banking sources.


Aug 18 - GVC sued by North American country sports and entertainment consultancy 37 Entertainment, which accused it of reneging on a dispense because of its call for Bwin, the Times reports. website


Aug 20 - GVC says it is set up to increment its extend for Bwin to at to the lowest degree 130 pence per share, or almost 1.1 zillion pounds ($1.72 billion), the Multiplication reports.


Aug 20 - GVC English hawthorn increase its offer up for Bwin a third time, Reuters reports, citing reservoir conclusion to GVC. (Compiled by Aastha Agnihotri and Abhiram Nandakumar in Bengaluru)

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