Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech.
Issuing a statement [Wednesday], Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of the takeover, despite the LSE-listed gambling software company’s board of directors encouraging a vote in favour of the $2.7 billion outright buyout for some time.
Playtech’s prediction is based on proxy votes ahead of the shareholder meeting scheduled later for today – the meeting, along with its court and general meeting, was initially scheduled for 5 January, in connection with the recommended cash acquisition, but was postponed to allow JKO Play more time to make an official offer.
