The statement also confirmed that the first offer saw DraftKings value the group at 2,500 pence (£25/€29) per share. This offer was immediately rejected and a new offer of 2,800 pence (£28/€32.56) per share was then tabled. The new offer consists of 630 pence (£6.30/€7.32) in cash with the balance payable in DraftKings Class A common shares. The second offer worth an estimated £16.4 billion (€19.1 billion) was made on the 19th September and has been under consideration since.
In the statement the group assured shareholders that a decision would made soon:
Entain Release Second Statement on DraftKings €19.1 Billion Takeover Bid Following Media Speculation released earlier yesterday, Entain noted: Entain Release Second Statement on DraftKings €19.1 Billion Takeover Bid Following Media Speculation Entain Release Second Statement on DraftKings €19.1 Billion Takeover Bid Following Media Speculation“The Board of Entain will carefully consider the proposal and a further announcement will be made as and when appropriate. Shareholders are urged to take no action at this time.”
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.