Centrebet a takeover target
March 8, 2010
Centrebet International Limited’s (CIL) shares are set to climb Tuesday morning after the company said it was facilitating discussions with parties interested in acquiring the Aussie gambling company. Centrebet didn’t elaborate on any details, including value it considered fair for the company, however said it would be business as usual for at least the next few months.
Previously Centrebet had said it was interested in consolidation opportunities, either as a target or buyer.
Following the revelation of the company being in acquisition talks, Centrebet said its main priority was not to fuel market speculation, and instead focus on achieving the best shareholder value for the company.
At the close Monday, Centrebet shares were up 15c to $1.63.
Previously Centrebet had said it was interested in consolidation opportunities, either as a target or buyer.
Following the revelation of the company being in acquisition talks, Centrebet said its main priority was not to fuel market speculation, and instead focus on achieving the best shareholder value for the company.
At the close Monday, Centrebet shares were up 15c to $1.63.
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