Entain Plc will move forward with the completion of its purchase of STS Holdings after receiving unanimous shareholder permission to do so. STS Holdings is a Warsaw-listed online betting company.
This afternoon, the supervisory board of Entain said that "STS shareholders possessing a total of 155,591,656 shares, equivalent to roughly 99.3% of the entire issued share capital" had accepted the company's £750 million purchase offer.
Entain anticipates completing its most recent M&A transaction on August 24, 2023, by purchasing the shares that were not offered in the offer and dropping STS Holdings from the Warsaw Stock Markets.
On June 13, Entain began their approach for STS Holdings, investing £600 million in fresh money to bookbuild the market-dominating online betting company in Poland (+51% of market share).
This afternoon, the supervisory board of Entain said that "STS shareholders possessing a total of 155,591,656 shares, equivalent to roughly 99.3% of the entire issued share capital" had accepted the company's £750 million purchase offer.
Entain anticipates completing its most recent M&A transaction on August 24, 2023, by purchasing the shares that were not offered in the offer and dropping STS Holdings from the Warsaw Stock Markets.
On June 13, Entain began their approach for STS Holdings, investing £600 million in fresh money to bookbuild the market-dominating online betting company in Poland (+51% of market share).