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BUZZ-Ladbrokes: Uncertainty regarding Gala merger prompts Citi PT cut

** Bookmaker's shares down as much as 4.8 pct after Citigroup (NYSE: C - news) analysts cut their PT on stock to 100p from 125p, keep "sell" rating

** Analysts say decision of UK's competition watchdog CMA regarding Ladbrokes (LSE: LAD.L - news) -Gala deal remains unclear

** CMA's deliberation is likely to take some time, adding uncertainty to the stock, they add

** "...second-guessing the CMA seems far from straightforward," analysts say

** Ladbrokes announced the all-share merger deal with Gala Coral on Friday, sending shares down 3.2 pct

** Worst day for stock in 4 mths, which is at 6 wk lows; stock's two-day 7.8 pct fall worst since January

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** Shares (Berlin: DI6.BE - news) among top FTSE Midcap losers, and largest loser on FTSE 350 Travel and Leisure Index

** Smaller peer GVC made an increased offer for Bwin.party on Monday, days after 888 secured a deal to buy Bwin.party (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)