Evolution Gaming Aims to Purchase NetEnt                                           

Evolution Gaming Aims to Purchase NetEnt

Evolution Gaming
Evolution Gaming

Evolution gaming has announced a public offer to NetEnt AB shareholders.

The offer askes the shareholders to sell their shares in NetEnt to Evolution gaming. Firstly, Evolution Gaming offered 0. 1306 Evolution shares for each share in NetEnt.

Secondly, the offer includes both series A and Series B shares that are admitted to trading on Nasdaq.

Evolution Gaming Offer in Brief

  1. firstly, the offered 0. 1306 Evolution shares for each share in NetEnt will not be increase
  2. Secondly, the Offer prices each share in NetEnt to SEK 79.93. Also it prices all stocks in NetEnt to about SEK 19.6 billion.
  3. The offered deliberation signifies a premium of 43 per cent. Also, this is compared to the closing price of the NetEnt share of series B on Nasdaq Stockholm on 23 June 2020. Additionally, a premium of 72 per cent.
  4. The board of directors of NetEnt universally endorses the stockholders of NetEnt to accept the Offer.
  5. Stockholders who directly or indirectly control 21.02 per cent of all shares and 45.02 per cent of all votes in NetEnt have undertaken to accept the Offer. In addition, certain board members of NetEnt who in total directly or indirectly control 8.48 per cent of all shares and 23.20 per cent of all votes in NetEnt have stated that they have an intention to accept the Offer.
  6. If the offer is accepted, Evolution becomes the owner of more than 90 per cent of the shares in NetEnt.
  7. Shareholders who control about 32.53 per cent of all shares and votes in Evolution have communicated that they are positive to the Offer. Additionally, they have indicated that they intend to vote in favour of the board of directors’ proposal.
  8. Additionally, Evolution will publish an offer document regarding the Offer on or around 14 August 2020.
  9. Also, the acceptance period of the Offer  is expected to commence on or around 17 August 2020 and expected to expire on or around 26 October 2020.

Evolution Gaming’ Comment Regarding the Deal

Evolution Chairman, Jens von Bahr said: “This strategic deal marks a significant step towards Evolution’s long-term vision of becoming the global market leader in the online casino industry.

“The combination of Evolution’s strong offering in Live Casino with NetEnt’s leading position in online slots will result in a world class portfolio of online games. That will enable us to serve a growing customer base.

“Furthermore, NetEnt’s established US positioning combined with Evolution’s existing US studios and first-to-regulated-market strategy will put us in a favorable position to capitalize on the on-going regulation in North America.”

Conclusion

there are conditions that should be met for the deal to be closed. Some of the conditions include the acceptance of the offer such that Evolution will own 90% of NetEnt shares.

FAQs

[accordiongroup id=”551″ markup=”default”][accordion group=”551″ title=”Where is Evolution Gaming located?” active=”true”]It is located in the midst of the US East coast casino center[/accordion][accordion group=”551″ title=”What does Evolution Gaming do?” active=””]It provides video-streamed live dealer gaming solutions for gaming operators worldwide.[/accordion][/accordiongroup]