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Shares of ukbetting surge as company says it received takeover approaches

Shares of ukbetting surge as company says it received takeover approaches

Shares of ukbetting PLC soared after the British online gambling company said Thursday it received preliminary approaches about a possible offer to buy the business.
"There can be no certainty that any formal approach to the company and, consequently, any offer, will be forthcoming," the company said in a statement. It did not provide further details.
Shares in ukbetting gained 9.5 percent to 60.75 pence (US$1.14; euro0.90 ) on the London Stock Exchange.
Earlier this week, shares in British online gambling companies, such as Sportingbet PLC and PartyGaming PLC, dived after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.


Updated : 2021-02-26 13:03 GMT+08:00