Entain – Mulls A DraftKings Offer
Entain PLC (LON:ENT) has confirmed that it’s received two approaches to buy the company from Draftkings Inc (NASDAQ:DKNG). The first at £25.00 a share was rejected. The second mixed cash and shares deal offer values Entain at £28.00 per share, reflecting a 46.2% premium from the group’s closing share price on 20 September. Q2 2021 hedge fund letters, conferences and more Entain management confirmed they are considering the offer. The shares rose 8.7% following the announcement. DraftKings Offers To Acquire EntainLaura Hoy, Equity Analyst at Hargreaves Lansdown: “US sports betting company Draft...