London Clubs Shares Soar
As reported by Reuters: "Shares in casino operator London Clubs International rose by 8 percent on Wednesday on rumours bookmaker Ladbrokes was preparing to make a bid. "London Clubs shares closed 8.3 percent higher at 123-1/2 pence, valuing the group at around 275 million pounds, after talk Ladbrokes might offer up to 155 pence-a-share. ".For its part, London Clubs has been surrounded by bid speculation for months, mostly linked to stake-building by its Malaysian shareholder Genting , which reached 29.9 percent last April, stopping just short of the 30 percent at which it must launch a full take-over bid under UK rules."
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