11th Feb 2021 13:34
Entain PLC - gambling operator with Ladbrokes and Coral brands - Extends acceptance period by a month to March 18 for its offer for shares of Enlabs AG. Entain made the SEK2.80 billion, about GBP243 million, takeover offer for the Swedish bookmaker in January. It is offering SEK40 per share in cash. The offer was agreed by Enlabs, and Entain expects settlement to take place around March 30. The UK company secured the agreement in Sweden while itself fending off a takeover bid by US partner MGM Resorts International. Entain has since confirmed talks to buy the wagering and media business of Australia's Tabcorp Holdings Ltd. Entain also last month named Jette Nygaard-Andersen as its new chief executive. The Danish media executive is the first female CEO of any major London-listed bookmaker.
Current stock price: 1,368.00 pence, up 3.6% on Thursday
Year-to-date change: up 21%
By Tom Waite; [email protected]
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