Lottomatica shares slide after €3 bln Cirsa offer
Italian gambling group Lottomatica’s shares sank 10% after it offered €3 bln for Spain’s Cirsa, according to TradingView News.
By Neil UnmackItalian gambling group Lottomatica’s shares sank 10% after it offered €3 bln for Spain’s Cirsa.
That probably overstates the risks of expanding outside its home market and downplays the logic of the all-share merger.
And the Blackstone-backed target is hardly rich.Full view will be pu…