Intertain report "false and misleading"

Committee tasked with investigating allegations raised by Spruce Point Capital says there is "no basis for concern"

An independent committee tasked with investigating a raft of allegations regarding Intertain's ?423m acquisition of Gamesys' Jackpotjoy brands has found the allegations to be "false and misleading", the operator said this afternoon. Intertain saw its share price plummet 20% after New York hedge fund Spruce Point Capital published a 120-page report raising a number of…

Acquisition | Brands | Deal | Fund | Gamesys | Hedge | Jackpotjoy | JPJ Group | New York | Point | Report | Spruce