Summary
ONLINE betting exchange Betfair is drawing up plans to release cash to some of its shareholders to compensate for shelving its proposed GBP 1bn flotation.
Betfair chairman Sir Robert Horton is considering setting up an internal market that would allow the existing shareholders to buy each other out. Other plans include paying a large dividend to all the shareholders, to ease pressure to push ahead with a float.See the full content of this document
Extract
Betfair to Release Cash After Float Plan Shelved
A group of US venture capitalists own a sizeable stake in the company and are beli...
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