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Bwin.party agrees deal with investor on board changes

22
May
2014

By Keith Weir LONDON (Reuters) – An activist American investment group agreed to take a seat on the board of online gambling company bwin.party on Thursday after a compromise deal following weeks of verbal sparring. SpringOwl said it had nominated Daniel Silvers to take the board place to which it was entitled after buying a stake in the company earlier this year. Bwin.party has also agreed to consider SpringOwl nominee Michael Fertik, a Silicon Valley technology specialist, as a candidate for a board role under a management plan to bring in fresh faces. “I am pleased to be able to demonstrate common ground with SpringOwl and welcome its support,” said bwin.party chairman Philip Yea.

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