Business & M&AGambling Insider · Aug 25
Evolution Board Urges Shareholders to Reject Kenneth Dart Takeover Offer
By Chavdar Vasilev•August 25, 2026
The brief
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 o…
Original report
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