Flutter group recently announced an all-share merger (pending regulatory approval) with Canada-based The Stars Group, operator of the world’s largest online poker site, PokerStars, creating an online gaming behemoth (over 80% revenue from online operations) with revenue of £3.8bn and earnings of £1.14bn. The share exchange ratio has been fixed as 0.2253 new Flutter shares for every TSG share. While the marriage does have clear advantages, we believe it will also bring along
14 Oct 2019
Flutter-TSG merger: well-intentioned, but not without risks
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Flutter-TSG merger: well-intentioned, but not without risks
Flutter Entertainment Plc (FLTR:LON) | 15,945 43051.5 1.7% | Mkt Cap: 28,243m
- Published:
14 Oct 2019 -
Author:
Virendra Chauhan -
Pages:
3
Flutter group recently announced an all-share merger (pending regulatory approval) with Canada-based The Stars Group, operator of the world’s largest online poker site, PokerStars, creating an online gaming behemoth (over 80% revenue from online operations) with revenue of £3.8bn and earnings of £1.14bn. The share exchange ratio has been fixed as 0.2253 new Flutter shares for every TSG share. While the marriage does have clear advantages, we believe it will also bring along