Reuters
13 Aug 2026, 10:21 UTC · 12w ago
Candle Lake offers to buy online casino firm Evolution for $14 billion
Impact · against what's priced in
Evolution's shares are likely to rise following a formal acquisition offer from Candle Lake at 695 crowns per share. The offer provides a concrete valuation benchmark of $13.8 billion, acting as a primary catalyst for the stock.
- EVO+0.60
No priced-in read yet
- In context
The offer to acquire the company for 131.7 billion Swedish crowns ($13.8 billion) at 695 crowns per share introduces a specific buyout premium not previously factored into the valuation.
Read from the article alone
Top 1 mover · tap to explore
