Proactive Investors
05 Jun 2026, 07:43 UTC · 2h ago
Evoke shares jump 16% as William Hill owner agrees £243m takeover by Bally's Intralot
Proactive Investors
05 Jun 2026, 07:43 UTC · 2h ago
Story key points
3 claims · impact-rated
Bally's Intralot has agreed to acquire Evoke PLC in an all-share takeover valued at 52p per share. — A recommended takeover offer at a significant premium typically causes an immediate and sharp increase in the target company's share price.
+0.80Private equity firms TPG Credit, Oaktree, and OHA have committed approximately £889 million to support the deal and refinance Evoke's £1.86 billion debt pile. — Strong institutional backing and a clear refinancing plan reduce the execution risk of the acquisition and address the target's solvency concerns.
+0.50Evoke's board conducted a strategic review citing significant UK gambling duty changes and capital structure pressures as drivers for the sale. — Highlights systemic headwinds in the UK gambling sector and the financial instability of the target prior to the buyout.
-0.30Ticker attribution
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Model heads
The company agreed to a £243 million takeover, leading to a 16% increase in share price.
The company is expanding its European gaming presence through the strategic acquisition of Evoke PLC.
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