The CEO of Playtech, a British gambling software company, may take part in a takeover bid sponsored by TTB Partners, the company’s second-largest shareholder, the company announced on Monday.
Mor Weizer, Playtech’s CEO, and Thomas Hall, a former company director, have approached TTB Partners about joining the investment group, according to a statement from the firm.
This month, the business agreed to exempt TTB from UK takeover regulations that prevent parties or their affiliates from making a new offer for six months after withdrawing from a previous deal. Last year, TTB advised subsidiary Gopher Investments on an unsuccessful takeover bid for Playtech.
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