No Empire For PartyGaming
Empire Poker shares dropped by a 20% on Thursday's trading based on the rumoured acquisition bid by PartyGaming appearing to be less and less likely. The sell-off came 14 days after PartyGaming announced it had made an approach for the company.
Trading in Empire was active, with more than 15.4 million shares changing hands, or nearly twice the company's average daily volume over the past 30 days.
PartyGaming shares fell 0.52 percent. Although 20.4 million shares were traded over the session, that figure is around half the company's average daily volume over the past month.
OnlineCasinoNews.com - 2005-11-21 11:24:40