Rafi Ashkenazi: Third time lucky for Flutter after Stars refused to engage with initial bids

Ex-TSG CEO reveals discussions over multi-billion-pound merger only progressed at third time of asking

Rafi Ashkenazi has revealed The Stars Group (TSG) rebuffed two initial takeover attempts from Flutter Entertainment before eventually opening discussions after a third bid was lodged. Speaking exclusively to EGR Intel, the former TSG CEO said the business was keen to pursue its own M&A agenda, but “couldn’t really ignore” an attractive offer from Flutter…

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