Entain on Tuesday confirmed it has now received all the necessary approvals from competition and gaming authorities to acquire Enlabs AG.
The owner of Ladbrokes and Coral increased its offer price for Swedish bookmaker Enlabs at the beginning of March, having at the time received acceptances from 51% of shareholders.
Its new offer price values Enlabs at around SEK3.7 billion, equivalent to GBP316M or USD 433.6M, up from SEK2.80 billion previously. The offer is for SEK53 per share, up 33% from the SEK40 per share offer made in January. The improved offer price is final and will not be increased, Entain said.
On February 11, Entain increased the acceptance period for its offer by a month to March 18. On Tuesday, Entain noted that it reserves the right to extend the acceptance period of the offer as well as to postpone the date of settlement.