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EMPIRE ONLINE CONFIRMS BID APPROACH
Online gambling group Empire Online
said it had received a 270p a share
approach from an unnamed rival, which
wants to merge the two businesses.
Empire was floated on the Alternative
Investment Market in June with a value
of just over £500m, as larger rival
PartyGaming launched with a £5bn value.
Bid speculation recently lifted the
shares. Empire also named Andrew Burns
as new chief financial officer.
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Shares index 510 Market report 511
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