Plus500 received 800p-per-share approach from CVC; FCA investigation scuppered dealPlus500, the listed Anglo-Israeli spreadbetting company which has agreed to be taken over by the gaming-software group Playtech, in February received an approach from the private-equity firm CVC, The Sunday Times reported.CVC was prepared to offer 800p (USD 12.14) per share, in comparison with Playtech’s subsequent 400p-per-share offer made in May, the unsourced report said.However, after making its approach, CVC found out that Plus500’s Plus500UK unit, which is regulated in Britain, was found by the Financial Conduct Authority to have fallen short on its anti-money-laundering processes and its checking of new clients, the report said. CVC then withdrew its offer, which would have valued Plus500 in excess of GBP 900m, the item stated.Plus500 announced that it expected the merger with Playtech to complete before the end of September, but the process of securing regulatory approvals has proved more lengthy than expected, for reasons which are unknown, the report said.The original article appeared in print: Business section, page 3Sunday Times