M&A

GVC and LCL reach terms on £4bn takeover

Agreed price contingent on FOBT stake restrictions, with the deal expected to be completed by Q2 2018

GVC has agreed a price with Ladbrokes Coral for its acquisition of the London-listed bookmaker. The firms said this morning an offer has been accepted that would value LCL between £3.2bn and £4bn, based on restrictions to FOBT stakes. Ladbrokes Coral shareholders will be entitled to 32.7p in cash, 0.141 ordinary GVC Shares and a…

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