12th Jan 2024 11:36
Ten Entertainment Group PLC - a ten-pin bowling operator - Shareholders approve takeover by Neon Buyer at general meeting and court meeting. Ten Entertainment expects the takeover to close in the first quarter of 2024. Ten Entertainment in December said Neon Buyer will pay 412.5 pence per share, a 33% premium to its 310p closing price a day before the offer. The deal values Ten Entertainment at GBP287 million on a fully-diluted basis. Neon Buyer is a vehicle indirectly owned by investment funds advised by Trive Capital Partners.
Current stock price: 412.00 pence, up 0.2% on Friday
12-month change: up 42%
By Tom Budszus, Alliance News slot editor
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