Taking Over

Summary


Malaysian gambling firm Genting International today struck a multi-million takeover deal with UK casino operator Stanley Leisure. Genting agreed to pay 860p a share for Stanley Leisure and its 45 casinos, which values the company at pounds 639m.

The deal came after Stanley Leisure chairman Lord Leonard Steinberg agreed to sell his holding of almost 11% to Genting for pounds 64.3m.

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Taking Over

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