Any ideas why BPTY has opened some 35% up. Not complaining as I took the plunge a couple of days. Presumably there has been some press comment somewhere?

"888 and Bwin have announced they have reached agreement on the terms of a recommended offer, whereby 888 will pay 104.09p per share (lower than the GVC offer of 110p per share) to acquire the entire issued share capital of Bwin. Bwin shareholders will receive 39.45p in cash and 0.404 888 shares (with a mix and match facility available). Synergies are estimated to be on less than $70m (by 2018) and the acquisition is anticipated to be EPS enhancing in year one. Following today's acquisition we upgrade 888 from Sell to Hold and increase our target price to 150p (from 96p)."

reliable source, bid total cost £i.4 bn = £ 1 .17 of equity /cash b win shares are
worth ends BB

gvc shares @ 400 x .231 = 92 cash 25p =total 117p for every bwin ord as previous BB