SYDNEY: Centrebet International Ltd says it is "facilitating
discussions" with organisations which have expressed interest
in taking over the punting company.
Centrebet said yesterday it had received proposals from
several companies.
Centrebet, which had previously disclosed that it was
considering consolidation opportunities, either as an
acquirer or as a target, described the proposals as
"confidential, indicative, non-binding and conditional".
"Consistent with this and in light of the proposals received,
Centrebet is facilitating discussions with the prospective
parties, in order to determine whether a proposal can be
developed that may be viewed in the best interests of
Centrebet's shareholders and is capable of being put to
Centrebet's shareholders," the company said.
The online gaming and wagering company said in a statement to
the Australian Securities Exchange (ASX) no agreements had
been reached and it could not provide further details on the
offers.
"Given the nature of the proposals and that further proposals
may well be received, it is not considered appropriate or in
the best interests of Centrebet and its shareholders to
provide any further details concerning the proposals received
at this stage," it told the market.
"In considering any proposal, the Centrebet Board will be
seeking to maximise shareholder value and will have regard to
the strong growth potential of the business, courtesy of the
company's current strategy and the positive industry
landscape in Australia in particular."
Centrebet said the discussions might take several months, and
it was possible there would be no change to the business'
ownership.
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