"Evoke's Monday statement says the proposal is expected to take the form of an all-share combination with a partial cash alternative, covering the entire issued and to be issued share capital of the company."
"Bally's Intralot CEO Robeson Reeves said the company had identified substantial strategic and operational synergies with a combination, highlighting the potential to transform financial performance through massive synergies."
Evoke confirmed a takeover offer from Bally's Intralot at 50 pence per share, valuing the company at 225.3 million. The offer represents a 29% premium to Evoke's recent closing price. Evoke's shares rose nearly 16% following the announcement. Bally's Intralot has until May 18 to make a firm offer. The proposal is expected to be an all-share combination with a partial cash alternative. Evoke's strategic review and significant debt from previous acquisitions are key factors in this development.
Read at news.bitcoin.com
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