Lottomatica to merge with CIRSA in deal creating world’s second-largest listed gaming group
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Lottomatica Group has notified Borsa Italiana of its intention to combine with Spanish rival CIRSA Enterprises through an all-share transaction that will create the world's second-largest listed gaming and sports betting company, trailing only FanDuel owner Flutter. Under the terms disclosed to Mil…
Lottomatica Group has notified Borsa Italiana of its intention to combine with Spanish rival CIRSA Enterprises through an all-share transaction that will create the world's second-largest listed gaming and sports betting company, trailing only FanDuel owner Flutter. Under the terms disclosed to Milan investors, CIRSA shareholders will receive 0.668 newly issued Lottomatica shares for each...