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Plus500 deal deadline

Playtech urged to complete merger

An online trading company says Manx-based software company Playtech has until the end of this year to conclude a merger – or face having the deal called off.

Plus500 which is headquartered in Israel, has been in talks with Playtech over a £460 million buyout deal but needs regulatory permission from the UK’s Financial Conduct Authority.

Playtech now says it expects a decision on that to be made in December.

Plus500 – which trades in commodities, shares, foreign exchange and other financial instruments – says under the terms of the merger, it may be terminated if not settled by New Year’s Eve.

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