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
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