Entain has moved forward with its Baltic expansion plans, securing ‘all the necessary approvals’ from relevant competition and gaming regulatory authorities for the takeover of Enlabs. As a result, the condition for the completion of the group’s offer regarding the receipt of all necessary regulatory approvals has been met. However, the firm – which operates Ladbrokes and Coral – has …
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Entain Plc has revised its takeover bid for Enlabs AB by increasing its offer price from SEK 40 to SEK 53 per share. The revised offer sees Entain propose a new €365 million deal valuation to Enlabs shareholders, with the FTSE100 firm underlining that its revised bid ‘is final and will not be increased’. Though approved by company chairman Niklas …
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The board of Entain Plc has stood by its recommended offer of SEK 40 (£3.50) cash per share, in its bid to acquire leading Baltic online gambling group Enlabs AB. This morning, Entain confirmed that it had extended its offer ‘acceptance period’ until the 18 March 2021, with the FTSE100 group further stating that it anticipates ‘deal settlement’ to commence …
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Entain Plc faces a shareholder clash in its £250 million pursuit to acquire leading Baltics online gambling group Enlabs AB. Texas hedge fund Alta Fox Capital Management, the owner of 3.3% of Enlabs shareholding, has said that it will refuse to sell any shares to Entain at the recommended offer of SEK 40 (£3.50) per share. Led by US investor …
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Entain Plc has published the terms and conditions of its ‘recommended offer’ to Enlabs AB shareholders, as the FTSE100 gambling group seeks to expand its Baltic market footprint. Updating the market, Entain has proposed a cash offer of SEK 40 per Enlabs share on the Nasdaq Nordic exchange, valuing its latest M&A target at SEK 2.8 billion (approximately £250 million). …
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Tobias Fagerlund, CEO of Global Gaming 555, has confirmed that he will step down from his position ‘with immediate effect’. The resignation comes as the online gambling operator enters a ‘new phase’ which requires its leadership to operate from Estonia and Malta, where its operating units are located. Fagerlund was appointed as the acting CEO of Global Gaming in April …
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Spelinspektionen, Swedish gambling’s regulatory inspectorate, has warned Entertainment Laboratories (Enlabs) that it could move to revoke its licence due to a lack of activity recorded within a re-regulated Swedish marketplace. Enlabs has been given a 1 July 2020 deadline to begin operating gaming activities in Sweden, after the regulator issued its demand. Responding to the warning, Baltic facing Enlabs has …
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