Entain completed its acquisition of Enlabs, with 94.2% of shares and votes backing the deal. During the acceptance period, an additional 1.7% of Enlabs shareholders accepted the offer, increasing Entain’s overall holding to 95.9%. Settlement of tendered shares is expected around 13 April. Entain has purchased all warrants to purchase Enlabs shares but not any shares or financial instruments related to Enlabs outside the offer. In relation to this, Entain has initiated a compulsory acquisition proceeding for the remaining Enlabs shares it has not yet purchased. Entain initially offered £250m for Enlabs, but increased it to £314.6m.
Entain’s Strategic Move: Acquisition of Remaining Shares in Enlabs
Henri Welsh is a seasoned writer with a deep passion for the world of gambling and online gaming. With over a decade of experience in the industry, Henri has cultivated an extensive knowledge of casinos, sports betting, poker, and the rapidly evolving landscape of online gambling. His writing is marked by a keen analytical eye and a talent for breaking down complex topics into engaging, accessible content. Henri's articles provide readers with insightful strategies, industry trends, and in-depth reviews, helping both novices and seasoned players make informed decisions.
Leave a comment
Leave a comment
