Is Coral to launch an 11th hour counter bid ?

By Bookmakers Review20 May 2005
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 Is Coral to launch an 11th hour counter bid ?
As the proposed sale of Stanley Leisure's betting shops to William Hill will not be completed until mid-June, some City analysts believe that Coral could still be a player in the takeover saga.

"Ask me next week," said Coral's Chief Executive Vaughn Ashdown.

"Technically it's not a done deal yet. Stanley is a public company and its board is duty-bound to consider any rival offer, but it's extremely unlikely it will want to alter the conditions of our firm offer," commented David Hood, William Hill's Public Relations Director.