Sportech: hits 1-year high on Contagious offer

Contagious Gaming

14/08/2015 14:52

** Pool betting operator Sportech  ROD.L  shares rise to an 
year high after company confirms recommended offer from Canada's 
Contagious Gaming  CNS.V   
    ** Co says any recommended offer from Contagious Gaming 
would be at a premium to it's Aug 13 closing price of 
62.63p ID:nRSN1356Wa  
    ** Sportech shares were trading at 69p, up c.10pct at 
1337GMT. Stock is up 11 pct YTD 
    ** Merger activity in the gaming industry has gained ground  
as firms seek to expand to offset increasing taxes and tighter 
regulation in Britain 
     
     
 
 (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)