Boss: GEMed Takes Majority Contro

18 February 2008

By IGN Staff

GEMed, a jointly-owned investment vehicle consisting of Medströms and Gtech, said today that it has secured 61.5 percent of Boss Media and must now make a mandatory bid for the rest.

Last Thursday, Boss Media Chief Executive Michael Hallén said that GEMed controlled roughly 50 percent of Boss' issued share capital, after it upped its per-share offer from SEK 19.00 to SEK 25.00 ($4.00).

GEMed said that stock exchange rules required a bid for the rest of the group.

On the OMX Nordic Exchange, shares in Boss closed even at SEK 25.00.

Boss: GEMed Takes Majority Contro is republished from iGamingNews.com.