November 22 - Online casino and poker group Empire Online said that it is
considering legal action against its long time business partner, Party Gaming,
after talks about a takeover of Empire by Party broke down...
An Empire spokes person said: "We are not taking this lightly and will pursue
legal actions after taking advice."
Party Gaming are reported top have said: "They're clutching at straws."
It is reported that Party Gaming's first offer was? between 135-140
pence, placing a value of about 400 million pounds on the company. Sportingbet,
when they approach had Empire,? were offering around 269p per share.
Party Gaming are now offering just 60p per share.
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