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BUZZ-Ladbrokes: best day in almost 10 yrs as confirms merger talks

Reuters - UK Focus

** Bookmaker Ladbrokes poised for biggest one-day pct rise since October 2005 & up at highest levels since late September as confirms talks with Gala Coral over a possible merger

** Ladbrokes (LSE: LAD.L - news) , up 10.5%, top FTSE 250 riser & easily most actively traded on index, with >90-day daily avg volume having gone through in c.15 minutes

** Ladbrokes says in event such a transaction proceeds, new co would be listed on London Stock Exchange (Other OTC: LDNXF - news) & may undertake an equity placing to strengthen the balance sheet (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)