Playtech shareholders vote in favour of Plus500 takeover
Playtech has announced that almost all of its shareholder base has voted in favour of its previously announced acquisition of Plus500.
As reported by iGaming Business, Playtech in June revealed it had struck a deal to acquire the spread betting company for approximately £459.6 million (€652.1 million/$719.7 million).
Having stated at the time that the acquisition should be completed by the end of September, Plus500 last month confirmed that its own shareholders had voted to accept the offer.
Playtech has followed up on this by confirming the support of the vast majority of the shareholders at its Annual General Meeting on Wednesday.
In a statement, Playtech said: “Completion of the acquisition remains subject to certain conditions, including regulatory approvals, but is expected to complete no later than September 30.”
Plus500 also acknowledged the shareholder approval, saying in a statement that it was “pleased” with the outcome of Playetch’s AGM and that the deal should go through by the end of next month.