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Playtech is launching a recommended cash offer for Plus500. Under the terms of the Acquisition, Plus500 Shareholders will be entitled to receive 400 pence in cash per Plus500 Share. Completion of the bid is uncertain.
It has been reported that Odey does not intend to vote in favour of the offer (They have 25%) Plus500 share price is down c70pct following a ten page short sell report from some funds including Cable Car Capital. Cable Car Capital believes Plus500 is actually worth a mere 52p
Makor is hosting Cable Car Capital’s portfolio manager Jacob Ma-Weaver in a 45 minute group phone-call from our offices in New York. Jacob will go over his report and where he believes value lies.
Join us for the conference call RSVP Friday 5 June 2015. 3pm London time / 10am New York time
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See Full Invitation Attached