Aug 18 (Reuters) - A majority of Playtech's
shareholders on Wednesday rejected the gambling software maker's
plan to sell its financial trading unit for up to $210 million
to a consortium led by Israeli private equity group Barinboim
The vote is a win for Playtech's second-biggest shareholder
Gopher Investments, who had clashed with the company over the
rejection of its $250 million proposal for the Finalto unit.
London-listed Playtech said it was now seeking to engage
with Gopher regarding the sale of Finalto, which has been
growing rapidly as market volatility brought on by the pandemic
made it a lucrative target.
Gopher last month offered $10 million to Playtech as a
breakup fee, if the company accepted its $250 million offer for
Playtech had said it would have to pay the Barinboim
consortium $8.8 million if its investors vote against the deal
that was agreed between the two parties in May.
At a general meeting on Wednesday, 68.3% of votes cast were
against the sale of Finalto to the consortium.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Bernard
Orr and Shounak Dasgupta)