French lottery operator, La Francaise des Jeux (FDJ), plans to make a public cash offer of SEK27.96 billion for Kindred, an online gambling company.
Kindred revealed that the deal involves a 24.4% premium over the closing price on Nasdaq Stockholm as of January 19, 2024.
The offer acceptance period is set from February 20, 2024, to November 19, 2024, contingent on FDJ acquiring over 90% of Kindred shares, obtaining necessary approvals, and no adverse changes to Kindred conditions.
Kindred revealed that the deal involves a 24.4% premium over the closing price on Nasdaq Stockholm as of January 19, 2024.
The offer acceptance period is set from February 20, 2024, to November 19, 2024, contingent on FDJ acquiring over 90% of Kindred shares, obtaining necessary approvals, and no adverse changes to Kindred conditions.
