바카라tech's £2.7 billion Aristocrat buyout postponed as potential bidders surface
JKO 바카라, a company run by former Formula One team owner Eddie Jordan and industry veteran Keith O’Loughlin, surfaced as a potential bidder for 바카라tech in November
Aristocrat, an Australian slot machine maker, agreed to buy 바카라tech for £2.70 billion (€3.23 billion/$3.65 billion) in October 2021, with the court and general meetings related to the agreement scheduled for January 12th.
The Aristocrat deal is being pushed back by 바카라tech, a company that makes software for gaming companies. The vote was supposed to take place on the 12th of January, but it will now take place on the 2nd of February.
The deadline has been extended to allow for a prospective counter-proposal from a consortium led by Formula One millionaire Eddie Jordan.
Jordan and gaming industry veteran Keith O’Loughlin started chasing 바카라tech in November and have requested extra time to work on a prospective deal.
In November 2021, JKO 바카라, a company run by former Formula One team owner Eddie Jordan and industry veteran Keith O’Loughlin, surfaced as a potential bidder for 바카라tech. The couple has until January 26th to make a definite offer or walk away. 바카라tech stated that discussions were “progressing.”
By 5 p.m. on January 26, JKO 바카라 must clarify its position and indicate whether it will make a bid.
The consortium has been in contact with the corporation since their offer, which is estimated to be worth more than £3 billion, according to reports.
However, 바카라tech directors continue to urge shareholders to “vote in favor of the Aristocrat offer,” according to the business.
“We are pleased to see proxy advisers’ recent recommendations to 바카라tech shareholders to vote in favor of all of the proposals,” Aristocrat stated.
If a larger offer comes in, it’s unclear whether Aristocrat will try to match it. Despite the fact that shares have remained consistently above the offer price, the corporation has failed to sweeten its bid.
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