Evolution Receives Necessary Approvals for Acquisition of NetEnt
Evolution Gaming Group AB today announced a recommended public offer to the shareholders of NetEnt AB to sell all their shares in NetEnt to Evolution in exchange for 0.1306 Evolution shares for each share in NetEnt.
The Offer includes both the unlisted shares of series A and shares of series B that are admitted to trading on Nasdaq Stockholm.
The Offer is conditional upon the receipt of all necessary approvals from relevant authorities (including competition authorities), among others the Malta Competition and Consumer Affairs Authority (Office for Competition) and the UK Competition and Markets Authority (the ”CMA”).
The CMA has today announced its approval of Evolution’s acquisition of NetEnt. Consequently, the condition regarding the receipt of all necessary competition approvals has been fulfilled. The other conditions for completion of the Offer, which are included in the offer document that was published on 20 August 2020, remain unchanged and are still applicable.
The acceptance period for the Offer expires on 20 November 2020.
Assuming that the Offer is declared unconditional no later than around 23 November 2020, settlement is expected to commence around 1 December 2020.
Evolution has stated that it reserves the right to extend the acceptance period for the Offer and to postpone the settlement date.