Playtech’s third-largest shareholder Aberdeen Asset Investment Ltd has commented in support of slot machine manufacturer Aristocrat’s bid for the company, calling it a “fair assessment of value.”
Aristocrat struck a deal to acquire Playtech in October 2021 for approximately £2.70bn (€3.23bn/$3.65bn).
The following month, Playtech directors urged shareholders to vote unanimously for the offer, as this could provide stability as opposed to waiting until the company’s shares reached 680 pence.
Yesterday (January 26) Playtech reiterated this message in response to media reports that suggested Playtech would break up and sell the business if shareholders did not approve the bid.
Before Aberdeen’s statement, the Playtech board acknowledged that it remained unsure of how its largest stakeholders would vote.
“A number of material investors have not to date engaged meaningfully about their views on the Aristocrat offer, including certain investors that have disclosed or taken material posi..