Entain unconcerned by threat of Enlabs shareholder revolt

CFO Rob Wood suggests offer only “looks very skinny” after share price rose 10% on news of takeover bid

Entain management are not worried about a potential rebellion of Enlabs shareholders having formally placed a £250m bid to buy the Baltics-facing operator. The offer – originally lodged on 7 January – valued Enlabs shares at SEK40, a premium of approximately 15.6% of its volume-weighted average price during the prior 90 days of trading on…

Enlabs | Entain | Finance | Global Gaming | M&A | Rob Wood