The board says the mandatory offer undervalues Evolution, whose shares are now trading nearly 20% above the bid. Evolution’s board of directors has recommended that shareholders reject Candle Lake Limited’s mandatory cash offer. The board argues the SEK 695-per-share ($73) bid “does not reflect the fair market value of Evolution.” Candle Lake is an investment […] The post Evolution Board Urges Shareholders to Reject Kenneth Dart Takeover Offer appeared first on Gambling Insider.
Source: Gambling Insider →