Kenneth Dart's Candle Lake Crosses Mandatory Bid Threshold for Sweden's Evolution

Billionaire U.S. investor Kenneth Dart, through his Cayman Islands-based entity Candle Lake, has increased his stake in Swedish gaming group Evolution AB to approximately 30.02%, surpassing the mandatory takeover offer threshold. According to a disclosure notice on Friday, Dart acquired 2.05 million shares, bringing his total holding to 59.8 million shares. Evolution provides online games and technology for online casinos. The move triggers a legal requirement for a mandatory bid under Swedish takeover rules, signaling Dart's significant influence over the company.

First published Aug 4, 01:57 PM UTCUpdated Jul 27, 08:59 AM UTC1 reports · 1 sources

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Kenneth Dart's Candle Lake Crosses Mandatory Bid Threshold for Sweden's Evolution

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Kenneth Dart's Candle Lake Crosses Mandatory Bid Threshold for Sweden's EvolutionYahoo FinanceWesternJul 27, 08:59 AM UTC

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