Legal Compliance Investigation: Swedish Authorities Probe Insider Trading of LeoVegas Shares

Last updated: September 5, 2022 10:00 am

1 Min Read

The Economic Crime Authority conducted an unannounced visit to LeoVegas’ offices in Stockholm in order to ensure legal compliance.

LeoVegas is currently under investigation and is actively cooperating with authorities to ensure legal-compliance. All inquiries concerning this matter should be directed to the Authority.

No LeoVegas employees, management team members, or board members have engaged in criminal activity.

Last month, MGM Resorts made a bid to acquire LeoVegas for $607m.

MGM’s offer of SEK61 per share carries a significant premium of 44% over the closing share price on 29 April.

List:

MGM’s offer: SEK61 per share
Premium: 44%
Comparison: Closing share price on 29 April

LeoVegas’ share price experienced a substantial rise following the offer announcement.

This increase in the share price is relevant to legal compliance.

MGM has not disclosed any additional details pertaining to the ongoing investigation.

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