Aborted bid talks hit 888 shares

23 April 2007

LONDON, England -- As reported by the BBC: "Shares in the online gaming firm 888 Holdings have fallen sharply after talks about a possible takeover by the bookmakers Ladbrokes fizzled out.

"Ladbrokes said last November that it had approached the Gibraltar-based firm about a possible deal.

"But in a statement, Ladbrokes now says the two parties have 'amicably agreed to discontinue talks'.

"...In morning trading, 888 shares were down 5.7% at 115.5 pence while Ladbrokes shares edged up 0.8% to 406.75p..."

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