I can't claim to have been following the Bwin bid battle between 888 and GVC in too much detail since it began in earnest a few months ago.
But today it would appear the Bwin board is sticking by its recommendation of 888's offer despite having received a higher takeover proposal from GVC.
As a result, quite a few investors are scratching their heads, wondering why Bwin's board is sticking by its recommendation. Food for thought...
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