JPJ Group Plc: Jumps after proposed deal to buy Gamesys for 490 mln stg
** Shares of the bingo game Jackpotjoy owner rise
5.2% at 809p after proposed cash-and-stock deal to buy gaming co
Gamesys for ~490 mln pounds
** JPJ says the deal will give the co access to Gamesys'
Virgin Games, Virgin Casino, but would not include its sports
** JPJ says combined co to be renamed Gamesys Group plc, and
should qualify for inclusion in the mid-cap index
** Co proposes appointment of Gamesys CEO Lee Fenton as
** Deal expected to be double-digit accretive in first FY
** YTD, JPJ stock has risen ~27% vs peer 888's 10%
fall and bigger rival GVC's >8% drop
(Reporting by Yadarisa Shabong in Bengaluru)
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