(Adds latest developments, edits)
Sept 4 (Reuters) - Bwin.party BPTY.L ditched an agreed
takeover deal with 888 888.L on Friday in favour of a higher
cash and share offer from GVC Holdings GVC.L , creating a
sports betting heavyweight in a sector being reshaped by
consolidation. ID:nL4N11A1JE
Following are some of the key developments in the takeover
saga.
Nov. 12, 2014 - Bwin says in early talks with a number of
parties over a "variety of potential business combinations,"
which could result in an offer for the firm. ID:nL6N0T23TS
March 11 - Bwin says talks about selling all or part of its
business have become more serious. ID:nL5N0WD1LM
March 21 - GVC CEO tells Reuters that the company is in
talks for acquisitions and "something like" Bwin would be of
interest. ID:nL3N0WM401
May 15 - GVC says it has submitted a bid for Bwin.
ID:nL3N0Y65L2
May 18 - 888 says it has submitted a proposal to buy Bwin in
cash and shares. ID:nL3N0Y92IA
May 21 - Bwin says it expects to "reach a conclusion" in
coming weeks as discussions with suitors enter a new stage.
ID:nL3N0YC2TG
July 9 - Bwin says GVC offers to buy it in cash and stock
deal valued at 908 million pounds ($1.4 billion) ID:nL3N0ZP2QD
July 17 - 888 wins backing of Bwin board for cash and stock
deal worth almost 900 million pounds. ID:nL4N0ZX23Y
July 21 - GVC says it is considering options regarding Bwin,
but there is no certainty it will make new offer.
ID:nL3N1012PV
July 27 - GVC returns with a new 1-billion-pound ($1.55
billion) bid for rival Bwin. ID:nL3N1072M6
Aug 7 - GVC raises offer for Bwin to 1.03 billion pounds
($1.6 billion). ID:nL3N10I42W
Aug 24 - GVC, Bwin confirm talks to iron out offer details.
ID:nL4N10Z2T3
Aug 27 - Bwin asks GVC to table its best offer for the
business after the duo addressed key concerns over the suitor's
latest 1 billion pound approach. ID:nL5N1121ZX
Sept 1 - 888 submits a revised takeover proposal as it looks
to see off rival interest from GVC. ID:nL4N1173GJ
Sept 4 - Bwin agrees to a buyout offer from GVC of about 1.1
billion pounds, shifting its stance after the poker and sports
betting firm had accepted an earlier offer from rival 888.