Playtech PLC (AIM:PTEC) confirmed it has received a preliminary approach that could lead to a takeover offer, to rival the 680p per share offer accepted conditionally from Aristocrat Leisure.
The company, in a stock market statement, said that the new approach, from Gopher Investments, came last month, on October 21, which requested access to due diligence information as it sought to explore terms for a possible offer for the company’s share capital – the board, in line with its fiduciary duties, has provided that access.
Talks with Gopher are at an early stage and ongoing, Playtech said. Though the statement came with the typical caution that there can be no certainty that Gopher's approach will result in an offer for the company.
Additionally, it noted that a further announcement will be made in due course regarding the timing of the Aristocrat offer.
In London, Playtech shares were up 2.3% changing hands at 724.5p.
Playtech unanimously recommended October’s all-cash premium-priced takeover offer from Australian gambling tech firm Aristocrat.
The deal was described at the time as ‘an exciting opportunity in the next stage of growth for Playtech’.