Baltics

Entain Extends Acceptance Period for Enlabs Bid to March 18

Published

5 years ago

February 12, 2021

Niji Narayan

Entain Extends Acceptance Period for Enlabs Bid to March 18

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Entain has extended the deadline for Enlabs to accept the takeover bid until March 18. Entain is still standing firm on its offer despite some recoil from Enlabs shareholders.

The FTSE 100 company said it had filed applications with competition and gaming authorities to obtain the necessary approvals for the takeover, but added that it did not expect those to come through during the current acceptance period, which ends on February 18.

As a result, it had extended the acceptance period to March 18.

“Provided that Entain announces that the conditions of the offer have been satisfied or waived on 23 March, settlement is expected to commence on or around 30 March,” the Entain board said.

Related Topics:Enlabs Entain gaming authorities

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.