Candle Lake Offers SEK131.7bn For Evolution
Kenneth Dart’s investment firm Candle Lake has launched a mandatory takeover offer for Swedish online casino technology company Evolution after increasing its ownership stake above the level that triggers takeover obligations under Swedish regulations. The Cayman Islands-registered investment vehicle offered SEK695 per share, valuing Evolution at approximately SEK131.7 billion ($13.8 billion). The offer follows Candle Lake’s disclosure last month that it held more than 30% of Evolution’s shares and voting rights, requiring it to make an offer for the remaining shares or […] The post Candle Lake Offers SEK131.7bn For Evolution appeared first on World Casino News.
Kenneth Dart’s investment firm Candle Lake has launched a mandatory takeover offer for Swedish online casino technology company Evolution after increasing its ownership stake above the level that triggers takeover obligations under Swedish regulations. The Cayman Islands-registered investment vehicle offered SEK695 per share, valuing Evolution at approximately SEK131.7 billion ($13.8 billion). The offer follows Candle Lake’s disclosure last month that it held more than 30% of Evolution’s shares and voting rights, requiring it to make an offer for the remaining shares or […]
The post Candle Lake Offers SEK131.7bn For Evolution appeared first on World Casino News.
