Paddy Power’s private placements shelved amid merger talks

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By Silas Brown
08 Oct 2019

Paddy Power’s prospective US private placement debut has been kicked into the long grass, according to sources familiar with the situation, as the Irish gambling company instead focuses on a merger with Canada’s PokerStars.

NatWest Markets and Santander were mandated in early July to market £200m-plus prospective US private placements, spending the summer readying the deal for an early October launch.

However, this was thrown into doubt last week when the owners of Paddy Power and PokerStars — Flutter Entertainment ...

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