1334 GMT -Entain's offer from DraftKings came as a surprise and underscores the attractions the betting-and-gambling group has to offer, Shore Capital says. Although a marked premium, the bid isn't a knockout offer or even a particularly compelling alternative to the current strategy, Shore says.Entainhas significant scope over the medium term for material capital appreciation beyond its current share price, through profit development and multiple expansion, along with rapidly developing U.S. opportunities, the investment group says. "Were it to succeed, we would see Flutter as arguably a more attractive alternative to the DraftKings paper, whilst an enlarged 888/William Hill combination could also be an outlier," Shore says, while retaining its buy rating for now. Shares are up 6.3% at 2,402 pence. (joseph.hoppe@wsj.com)
EIHDF 888 HOLDINGS PLC SHS
$6.60+0.320(+5.10%)<--------- from last thread /
EIHDF 888 HOLDINGS PLC SHS
$6.60+0.320(+5.10%)<--------- from last thread /