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    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
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Gopher Investments Withdraws GBP3 Billion Bid for Playtech

11/19/2021 | 07:33am EST

By Joe Hoppe

Gopher Investments said Friday that it no longer intends to make an offer for Playtech PLC, though it will still acquire Playtech's financial-trading division, Finalto.

Gopher, a 4.97% shareholder in Playtech, expects to complete the Finalto acquisition in the first half of 2022.

The company had made a preliminary 3 billion pound ($4.05 billion) bid for Playtech, which it first disclosed on Nov. 8. Previously, on Oct. 17, Playtech had agreed to a GBP2.1 billion takeover from Aristocrat Leisure Ltd., and Playtech has said it also received a preliminary acquisition approach from JKO Play Ltd. on Nov. 5.

Shares in Playtech at 1215 GMT were down 22.5 pence, or 2.9%, at 747.5 pence.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

11-19-21 0733ET

Stocks mentioned in the article
ChangeLast1st jan.
ARISTOCRAT LEISURE LIMITED 2.49% 44.49 Delayed Quote.-0.37%
PLAYTECH PLC 2.55% 719 Delayed Quote.-3.75%
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01/10Form 8.5 (EPT/RI) - Playtech plc
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01/06Playtech mulls takeover amid bidding war
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01/05Rule 2.10 Announcement - Playtech plc
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01/05Aristocrat Leisure Reiterates Commitment to Playtech Offer Amid Shareholder Vote Delay
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More news
Analyst Recommendations on PLAYTECH PLC
More recommendations
Financials
Sales 2021 1 159 M 1 324 M 1 324 M
Net income 2021 8,27 M 9,44 M 9,44 M
Net Debt 2021 572 M 653 M 653 M
P/E ratio 2021 191x
Yield 2021 0,30%
Capitalization 2 517 M 2 874 M 2 875 M
EV / Sales 2021 2,66x
EV / Sales 2022 2,19x
Nbr of Employees 7 000
Free-Float 66,0%
Chart PLAYTECH PLC
Duration : Period :
Playtech plc Technical Analysis Chart | PTEC | IM00B7S9G985 | MarketScreener
Technical analysis trends PLAYTECH PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 8,44 €
Average target price 7,66 €
Spread / Average Target -9,22%
EPS Revisions
Managers and Directors
Moran Weizer Chief Executive Officer & Executive Director
Andrew James Smith Chief Financial Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Shimon Akad Chief Operating Officer
Ian Ince Global Head-Regulatory Affairs & Compliance
Sector and Competitors
1st jan.Capi. (M$)
PLAYTECH PLC-3.75%2 874
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GALAXY ENTERTAINMENT GROUP LIMITED4.08%23 536
ARISTOCRAT LEISURE LIMITED-0.37%21 008
SANDS CHINA LTD.0.88%19 044