The board of Aspire Global Plc has this morning ‘unanimously recommended’ an SEK 111 (€11) per share bid to shareholders, made on the behalf of NeoGames SA.
The public tender offer values Aspire Global at a deal equivalent of SEK 4.3 billion (€410m), representing a 41% premium on the firm’s 17 January closing trading price on the Nordic Nasdaq Exchange of SEK 78.50 (€7.60) per share.
Deal terms, see NeoGames aim to acquire 50% of Aspires shareholding through its SEK 111 per share offer. Aspire’s remaining equity will be purchased through an issue of 7.6 million new shares distributed by an enlarged NeoGames.
US private equity fund Blackstone’s credit advisory will provide NeoGames with a $215 million term loan to finance the cash portion of the deal.
Read more/Source: SBC News
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