Empire Poker Shares Slid 20%
Empire Poker’s shares dropped 20% after rumors of acquisition bid by PartyGaming become less and less likely to take place.
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.